Moroccan equities finished the trading day in positive territory on Monday, driven by advances in Banking, Beverage and Transport names. At the close in Casablanca, the Moroccan All Shares index registered a 0.63% increase.
Among individual movers, Societe des Boissons du Maroc SA (CSE:SBM) was the top performer on the Moroccan All Shares, climbing 6.51% - a 140.00-point gain - to settle at 2,290.00. Aluminum du Maroc SA (CSE:ALM) added 4.66%, or 81.00 points, ending the session at 1,820.00. Maghreb Oxygene (CSE:MOX) also posted a notable advance, rising 4.04% - 15.45 points - to finish at 397.95.
On the downside, IB Maroc Com SA (CSE:IBC) led declines, slipping 3.17% or 1.90 points to close at 58.10. Risma (CSE:RIS) fell 2.94%, a drop of 9.25 points, to 305.75, while Disty Technologies SA (CSE:DYT) declined 2.66% or 8.50 points to end at 311.50.
Market breadth favored advancers, with 35 stocks rising compared with 26 that fell on the Casablanca Stock Exchange.
Commodities traded higher during the session. Crude oil for May delivery rose 2.84%, up 2.83, to trade at $102.47 a barrel. Brent oil for June delivery increased 2.40%, or 2.53, to $107.85 a barrel. In precious metals, the June Gold Futures contract gained 0.91%, or 41.00, to $4,565.30 a troy ounce.
Currency moves accompanied the session's activity. The euro strengthened against the Moroccan dirham, with EUR/MAD up 0.25% to 10.78. The U.S. dollar also rose versus the dirham, as USD/MAD moved up 0.56% to 9.39. The U.S. Dollar Index Futures were higher as well, up 0.40% at 100.38.
Summary of session data:
- Moroccan All Shares - up 0.63% at close in Casablanca
- Top gainers - CSE:SBM (+6.51%), CSE:ALM (+4.66%), CSE:MOX (+4.04%)
- Top decliners - CSE:IBC (-3.17%), CSE:RIS (-2.94%), CSE:DYT (-2.66%)
- Market breadth - 35 advancers vs. 26 decliners
- Commodities - WTI May $102.47/barrel; Brent June $107.85/barrel; Gold June $4,565.30/oz
- FX - EUR/MAD 10.78; USD/MAD 9.39; US Dollar Index Futures 100.38
This session's gains were concentrated among specific consumer and industrial names while a handful of financial and technology-related listings recorded the largest declines. The concurrent moves in oil, gold and currency pairs provide additional context to the trading environment that accompanied the equity advances.