Moroccan equities finished the session higher on Monday as sector strength in Banking, Beverage and Transport helped lift the broader market. At the close in Casablanca, the Moroccan All Shares index rose 0.48% to record a new one-month high.
On a stock-by-stock basis, the session's largest winners included Miniere Touissit (CSE:CMT), which climbed 9.97% - a gain of 389.00 points - to finish at 4,289.00. SMI (CSE:SMI) also delivered a strong performance, adding 8.44% or 599.00 points to close at 7,700.00. Managem (CSE:MNG) rose 7.45%, up 745.00 points, to end the day at 10,745.00.
At the other end of the tape, Label Vie (CSE:LBV) recorded the largest decline, slipping 5.53% or 231.00 points to a close of 3,949.00. Delta Holding S.A (CSE:DHO) fell 2.73%, down 1.50 points to 53.50, and Risma (CSE:RIS) declined 2.62% or 8.50 points to 316.00.
Market breadth was tilted to the downside despite the index gain: declining issues outnumbered advancing ones on the Casablanca Stock Exchange by 34 to 21, while 7 stocks finished unchanged.
Several individual share-price milestones were recorded during the session. Miniere Touissit (CSE:CMT) rose to an all-time high, gaining 9.97% or 389.00 points to 4,289.00. SMI (CSE:SMI) also advanced to an all-time high, up 8.44% or 599.00 points to 7,700.00. Managem (CSE:MNG) similarly reached an all-time high after a 7.45% move to 10,745.00. In contrast, Delta Holding S.A (CSE:DHO) fell to a 52-week low, declining 2.73% or 1.50 points to 53.50.
Commodity markets were mixed at the time of the close. Crude oil for May delivery ticked up 0.04% or 0.04 to trade at $111.58 a barrel. Brent oil for June delivery eased 0.23% or 0.25 to $108.78 a barrel. The June Gold Futures contract increased 0.29% or 13.39 to trade at $4,693.09 a troy ounce.
Currency crosses and U.S. dollar measures showed modest moves. EUR/MAD was down 0.09% at 10.82, while USD/MAD was largely unchanged, moving 0.04% to 9.39. The US Dollar Index Futures declined 0.05% to 99.81.
Market context summary
- Index: Moroccan All Shares rose 0.48% to a one-month high.
- Leading sectors: Banking, Beverage, Transport supported gains.
- Notable stock moves: three names hit all-time highs; one name reached a 52-week low.