At the end of the first quarter, the Casablanca Stock Exchange failed to maintain its improvement in January (3.93%). With a drop of 5.85% in February and 1.94% in March, the general index Masi ended the period on a decline of 4.04% to 12,818.11 points. The MSI20 yields, meanwhile, 4.47% to 1,037.15 points. Finally, the Casablanca ESG 10 closes the first three months of the year with a loss of 3.52% to 962.87 points. Of the 63 sessions spent, the market drained a business volume of 10.6 billion DH. Attijariwafa bank stands out as the most active value with 1,549 billion dirhams. It points ahead of IAM (776.87 million) and BCP (658.52 million) for the top three. Capitalization, it garnered nearly 667.77 billion DH. With growth of 14.69%, the mining sector posted the largest increase of the quarter. It was driven by the good performance of Managem (25.54%). The chemicals sector follows with 14.29%, thanks to Snep (+16.67%) and despite the decline recorded by Maghreb Oxygène (-10.77%).
On the other hand, real estate sign the most important quarterly underperformance with 11.08%. The sector was impacted by the sharp drop in Addoha shares (-31.67%), although Alliances recorded the best quarterly increase with 73.09%. At the other end of the scale is LafargeHolcim Morocco, which is shedding 13.41%. As a reminder, the first quarter of 2022 was marked by Mutandis’ capital increase in February. The operation was met with great enthusiasm. The amount subscribed having exceeded 2 billion DH for an offer of 300 million DH. The title ended the quarter at 245 DH, down 1.21% compared to the end of December 2021.
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