Moroccan equities finished the trading day with a modest advance on Monday, led by strength in the Banking, Beverage and Transport sectors. At the close in Casablanca, the Moroccan All Shares rose 0.18%.
Among individual movers, Miniere Touissit (CSE:CMT) posted the largest gain, jumping 8.57% - a rise of 180.00 points - to finish at 2,280.00. Mutandis SCA (CSE:MUT) climbed 6.19%, or 15.15 points, to close at 260.00, and Managem (CSE:MNG) added 5.96%, an increase of 450.00 points, to end the session at 8,000.00.
On the downside, Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) fell 3.51%, losing 8.00 points to trade at 220.00 at the close. Jet Contractors (CSE:JET) dropped 3.00%, or 78.00 points, to end at 2,522.00, and CTM (CSE:CTM) declined 2.84%, down 25.00 points to 855.00.
Market breadth was narrowly positive on the Casablanca Stock Exchange, with rising issues outnumbering decliners by 30 to 26, and 4 stocks finishing unchanged.
Commodities saw upward movement during the session. Crude oil for March delivery was up 0.83%, gaining 0.53 to trade at $64.08 a barrel. Brent oil for April delivery rose 0.82%, up 0.56 to $68.61 a barrel. The April Gold Futures contract increased 1.58%, a rise of 78.64, to trade at $5,058.44 a troy ounce.
Foreign-exchange rates involving the Moroccan dirham showed small shifts. EUR/MAD ticked up 0.05% to 10.86, while USD/MAD moved lower, falling 0.55% to 9.13. The US Dollar Index Futures recorded a decline of 0.75%, trading at 96.77 at the time reported.
Context and immediate market signals
- The market advance was modest in percentage terms, with sector leadership coming from Banking, Beverage and Transport.
- Individual stock moves were mixed, with several miners and consumer-related names among the top gainers and construction and transport-oriented names among the largest decliners.
- Moves in global commodities and currency pairings accompanied the equity session, showing broader market activity beyond domestic equities.