MASI surges 4.18% to 17,351, 56 stocks up as Casablanca shrugs off regional crisis
The MASI closed Wednesday at 17,351.61, up 4.18 %, extending a rebound that began Tuesday with a 1.56 % gain, Medias24 reports. Blue chips Managem, TGCC and Attijari led the advance, with 56 stocks rising and only 6 falling, Boursenews data show. The MASI 20 jumped 4.82 % to 1,316.05, Mid & Small added 3.17 % to 1,788.33 and ESG gained 3.6 % to 1,180.67. In deals, CMGP Group completed the acquisition of 70 % of farm-equipment maker SODIPIRE, AgriMaroc notes.
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The MASI fell 0.52% to 17,788.33 points on July 16, while the MASI 20 lost 0.29% to 1,320.11, the MASI ESG dropped 0.78% to 1,262.81 and the MASI Mid and Small Cap index declined 0.62% to 1,769.99. Marsa Maroc won the concession for oil terminal 8 bis at Jorf Lasfar, according to Medias24, marking the session's main corporate development on July 16. Managem fell 2.4% despite 25.6 million dirhams in turnover after its share split, according to market notes, reversing part of the MASI's 0.38% gain on July 15. Outside the exchange, Attijariwafa Bank's Togolese unit will be led by Adam Moussa Adoum, Afrimag reported on July 15.