Moroccan equities closed slightly higher on Monday, led by gains in the Banking, Beverage and Transport sectors that helped push the broader market into positive territory.
At the Casablanca close, the Moroccan All Shares index added 0.18%.
Top gainers
- Zellidja S.A. (CSE: ZDJ) led the session's winners, climbing 9.99% or 26.70 points to finish at 293.95.
- Fenie Brossette (CSE: FBR) followed, up 9.40% or 25.70 points to close at 299.00.
- Micro Data SA (CSE: MIC) rose 4.20% or 30.10 points to end trading at 746.30.
Largest decliners
- Realis. Mecaniques (CSE: SRM) was the weakest name, falling 3.24% or 14.90 points to 445.00 at the close.
- CDM (CSE: CDM) slipped 2.11% or 21.00 points to end at 973.00.
- CFG Bank SA (CSE: CFG) declined 1.03% or 2.00 points to finish at 193.00.
Market breadth favored advancers on the Casablanca Stock Exchange, where 35 stocks gained, 19 declined and 10 were unchanged.
Commodities and currencies
Commodities traded lower alongside the equity session. Crude oil for September delivery fell 6.20% or 5.25 to $79.42 a barrel. Brent oil for October delivery dropped 4.91% or 4.32 to $83.61 a barrel. The December Gold Futures contract declined 0.42% or 17.23 to trade at $4,089.77 a troy ounce.
In currency markets, EUR/MAD moved down 0.18% to 10.74, while USD/MAD rose 0.16% to 9.34.
The US Dollar Index Futures was reported up 0.04% at 99.83.
This session's activity showed selective strength among mid- and large-cap names in Banking, Beverage and Transport, while certain industrial and financial stocks recorded declines. The market's modest overall advance reflected that the number of rising issues outpaced losers by a margin of 35 to 19.