MASI rises 0.21% as logistics, healthcare and deal news support Casablanca
The MASI rose 0.21% to 18,391.12 on June 22, while the MASI 20 added 0.02% to 1,337.43, the MASI ESG gained 0.43% to 1,320.34 and the MASI Mid and Small Cap index climbed 0.5% to 1,861.08. The market extended the rebound flagged on June 15, when the MASI posted one of its best sessions of the year after the agreement announced between Washington and Tehran, according to Médias24, before ending higher again on June 16, also according to Médias24. In stocks, Cosumar strengthened its logistics partnership with Marsa Maroc at the Port of Casablanca, according to Consonews, while Marsa Maroc opened its multi-purpose terminal to 60,000-ton bulk carriers after quay upgrades and received a first 55,000-ton vessel, according to برلمان.كوم and laquotidienne.ma. Corporate activity also drove the flow, with Laprophan finalising its 1st acquisition in Europe by taking control of Switzerland's Rivopharm, according to Médias24, CMGP Group finalising the acquisition of CPCM, according to AgriMaroc.ma, Akdital expanding in Saudi Arabia with a new hospital in Jeddah, according to Médias24 and LesEco.ma, and Mutandis setting its dividend ex-date for July 1, according to L'Economiste.
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MASI slips 0.38% despite MAD100 mln injected into Bank Assafa
The MASI fell 0.38% to 18,322.01 points on June 23 after a 0.21% gain a day earlier, while the MASI 20 edged up 0.07% to 1,338.38 points. Broader segments weakened more sharply, with the MASI Mid and Small Cap down 0.67% at 1,848.56 points and the MASI ESG off 0.82% at 1,309.52 points, while MDP jumped 3.6% despite the benchmark decline, according to analyst reports. On the corporate side, Attijariwafa Bank injected 100 million dirhams into its participatory banking unit Bank Assafa, Le Desk reported, after Médias24 said on June 22 that a MAD100 million capital increase was being prepared. In sector news, the Managem-Sound Energy deal entered its regulatory phase, according to Le Nouvelliste Maroc, while Addoha Groupe is recruiting sales advisers in 3 cities, Dreamjob.ma reported.
Casablanca Stock Exchange — MDP Jumps 3.6% Even as the MASI Slips 0.38%
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Bourse de Casablanca : le MASI termine la séance en hausse de 0,21% - Médias24
Bourse de Casablanca : le MASI termine la séance en hausse de 0,21% Médias24