MASI rebounds 2.25% in Casablanca
By the AFREEQUE newsroom, based on Infomediaire
The Casablanca Stock Exchange’s MASI index rose 2.25% to 16,760.33 points after falling 0.76% the previous day. The mining index gained 4.91%, while trading exceeded 328.9 million dirhams, reports Infomediaire.
The MASI, the main index of the Casablanca Stock Exchange, rose 2.25% on Wednesday 4 November to close at 16,760.33 points, erasing the 0.76% decline recorded the previous day, according to Infomediaire. It recovered nearly 370 points in one session after closing at 16,390.89 points on Tuesday.
The mining index posted the best sector performance, rising 4.91%, while transport fell 4%. Label Vie rose 5.24% to 3,894 dirhams, ahead of Managem (+5.11% to 1,440 dirhams) and SGTM (+4.58% to 548 dirhams). Lesieur Cristal recorded the steepest fall, declining 6.01% to 280.10 dirhams. Trading exceeded 328.9 million dirhams, compared with more than 1.65 billion dirhams on Tuesday.
The MASI therefore moved back above its Monday closing level of 16,517.12 points, but the mining index and Managem shares remained below their Monday levels, according to Infomediaire. At 1,440 dirhams, Managem recovered 70 dirhams on Wednesday, while remaining 50 dirhams below its Monday price. The session followed the MASI’s fall below 17,000 points on 26 October and the 6.74% monthly decline reported for October on 1 November.
