Casablanca: MASI steady as Managem leads after 147% Q1 revenue jump
The MASI rose 0.16% to 18,448.3 points on May 18, while the MASI 20 fell 0.32% to 1,331.43 and the MASI ESG gained 1.13% to 1,322.34. After a 1.74% weekly drop as of May 15, miners moved back into focus as Managem posted a 147% jump in first-quarter revenue on the back of the Boto and Tizert projects, according to Boursenews and Zonebourse. Managem also became the market's largest capitalization, overtaking Attijariwafa Bank, La Vie éco reported, while Unimer jumped 6% to MAD 167.45 on May 18 despite a near-flat benchmark, according to an analyst note. In consumer names, Label Vie posted solid first-quarter sales, according to L'Economiste, as the sector stayed active with the Label'Vie-Retail Holding merger detailed by Telquel.ma and CMGP Group's completed acquisition of CPCM, AgriMaroc.ma reported.
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