The Casablanca market finished lower on Wednesday, with the Moroccan All Shares index falling 0.78% to register a new one-month low. Selling pressure was concentrated in the Utilities, Banking and Mining sectors, which together pushed the benchmark down by the close.
Session leaders and laggards
Among individual stocks, Auto Hall (CSE:ATH) posted the largest gain on the Moroccan All Shares, rising 2.62% or 1.90 points to finish at 74.40. Total Maroc SA (CSE:TMA) advanced 2.53% or 39.00 points to close at 1,580.00, and Aluminum du Maroc SA (CSE:ALM) added 2.00% or 39.00 points to end the session at 1,989.00.
On the downside, Ste Nationale de Siderurgie SA (CSE:SID) led losses, sliding 4.60% or 96.00 points to 1,990.00 at the close. BCP (CSE:BCP) dropped 4.09% or 9.80 points to finish at 230.00, and Disway SA (CSE:DWY) fell 3.49% or 27.90 points to 771.00.
Decliners outnumbered advancers on the Casablanca Stock Exchange by a count of 40 to 12, while 4 stocks ended unchanged.
Notable price milestones
- BCP’s shares declined to a 52-week low, closing at 230.00 after a 4.09% drop.
- Aluminum du Maroc SA (CSE:ALM) reached a 5-year high in the session, closing at 1,989.00 following a 2.00% gain.
Commodities and FX movements
Commodity markets moved lower in mid-week trading. Crude oil for July delivery fell 3.58% or $3.74 to trade at $100.64 a barrel. Brent oil for July delivery declined 4.46% or $5.00 to $107.10 a barrel. The June Gold Futures contract traded down 0.64% or $29.20 to $4,528.80 a troy ounce.
On the currency front, the euro traded at 10.71 MAD, down 0.05%, while the US dollar was effectively unchanged versus the dirham, moving 0.02% to 9.23 MAD. The US Dollar Index Futures was up 0.03% at 99.14.
Research and product note
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Market context
Wednesday’s session left the Moroccan All Shares at a one-month low, with sector-specific declines and a heavier number of falling stocks than rising ones. The mix of individual stock gains and notable losses, together with moves in oil, gold and currency pairs, contributed to the overall market tone by the close.
Key figures (selected)
- Moroccan All Shares -0.78% (one-month low)
- Auto Hall (CSE:ATH) +2.62% to 74.40
- Total Maroc SA (CSE:TMA) +2.53% to 1,580.00
- Aluminum du Maroc SA (CSE:ALM) +2.00% to 1,989.00 (5-year high)
- Ste Nationale de Siderurgie SA (CSE:SID) -4.60% to 1,990.00
- BCP (CSE:BCP) -4.09% to 230.00 (52-week low)
- Crude (July) $100.64, Brent (July) $107.10, Gold (June) $4,528.80