Moroccan equities finished the trading day in Casablanca on a softer note Wednesday, with the Moroccan All Shares index down 0.11% at the close.
Sector-level weakness was centered in Utilities, Banking and Mining, which collectively pressured the market despite some individual stock gains.
Among individual performers, CDM (CSE:CDM) led advances, rising 4.00% - a 40.00-point gain - to finish at 1,040.00. Fenie Brossette (CSE:FBR) and Sanlam Maroc SA (CSE:SAH) also posted gains, climbing 2.99% (up 8.70 points to 300.00) and 2.98% (up 88.00 points to 3,040.00), respectively.
On the downside, Auto Hall (CSE:ATH) recorded the steepest decline among the listed names, sliding 3.95% - a 2.80-point fall - to close at 68.10. Med Paper (CSE:MDP) closed down 2.31% (off 0.59 points to 25.00), while Marocaine Ste de Therapeutique SA (CSE:SOT) slipped 1.83% (down 7.00 points to 375.00).
Market breadth on the Casablanca Stock Exchange showed 28 declining issues versus 26 advancing, with 7 stocks unchanged at the close.
Commodities moved notably during the session. Crude oil for July delivery rose 2.20% - up $2.06 - to settle at $95.82 a barrel, while Brent for August delivery gained 1.77% - $1.70 - to $97.70 a barrel. By contrast, the August Gold Futures contract fell 0.93% - down $42.23 - to trade at $4,477.67 a troy ounce.
On the currency front, EUR/MAD was unchanged at 10.69, while USD/MAD advanced 0.29% to 9.22.
The US Dollar Index Futures rose 0.26% to 99.44 by the close.
Session snapshot
- Moroccan All Shares -0.11% at close
- Top gainers: CDM +4.00%, FBR +2.99%, SAH +2.98%
- Top losers: ATH -3.95%, MDP -2.31%, SOT -1.83%
- Commodities: WTI crude July +2.20% to $95.82; Brent August +1.77% to $97.70; Gold August -0.93% to $4,477.67
- FX: EUR/MAD 10.69 (unchanged); USD/MAD 9.22 (+0.29%)
The close left the market with a narrow tilt toward falling shares and notable moves in energy prices and the dollar, elements that stood out alongside the days sector losses.