TGCC buys 51% of Safettras as MASI ends flat at 18,562.93 points
TGCC announced the acquisition of a 51% stake in Safettras, strengthening its specialised works business, according to L'Economiste, La Vie éco and Finances News Hebdo. At the close on June 4, the MASI was unchanged at 18,562.93 points, while the MASI 20 rose 0.42% to 1,321.84 and the MASI Mid and Small Cap index added 0.21% to 1,883.03. The MASI ESG index underperformed, falling 0.61% to 1,356.34. Separately, Cosumar is investing in food-grade liquid CO2 in Casablanca, Lebrief reported.
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MASI falls 0.66% as Auto Nejma jumps 6% and corporate news flow builds
The MASI fell 0.66% to 18,505.63 points on June 9, after a 0.59% gain a day earlier, while the MASI 20 lost 0.5% to 1,323.77 and the MASI ESG dropped 0.92% to 1,353.81. Auto Nejma jumped 6% despite the broader decline, according to Bourse de Casablanca, as the Mid and Small Cap index slipped 0.46% to 1,849.52 after a 0.63% drop flagged the previous day. In corporate news, BCP said a 174.5 million euro settlement closes proceedings in Belgium against its BCDM unit, according to Medias24. Separately, the AMMC approved the information notice for Cosumar's share buyback program, according to Telquel.ma, while CMGP Group finalized the acquisition of CPCM, AgriMaroc reported.
Casablanca Stock Exchange — Auto Nejma Jumps 6% Even as MASI Falls 0.66%
Auto Nejma posted the day’s strongest gain, rising 6% to MAD 4,834 while the MASI slipped 0.66%. The move stood out in a session marked by 41 decliners out of 80 stocks, as lower oil prices and rotation out of large caps shaped trading.
Casablanca: MASI rises 0.59% as BCP settles Belgian case for 174.5 mln euros
The MASI rose 0.59% to 18,629.14 points on June 8, while the MASI 20 gained 0.77% to 1,330.46 and the MASI ESG added 0.92% to 1,366.43. The session was mixed, with the MASI Mid and Small Cap down 0.63% at 1,858.1 points and the SMI falling 7%, according to the Casablanca Stock Exchange. On the corporate front, BCP said a 174.5 million euro settlement ended proceedings in Belgium against its BCDM unit, according to Medias24. On the regulatory side, AMMC approved the information notice for Cosumar's share buyback programme, Telquel.ma reported.