Label’Vie to be absorbed by Retail Holding as MASI slips 0.35%
The MASI closed down 0.35% at 18,630.92 points on May 5, while the MASI 20 fell 0.30% to 1,360.14 and the MASI ESG lost 0.58% to 1,320.89. Mid-caps remained under pressure, with the MASI Mid and Small Cap index down 0.34% at 1,937.17, according to market data. On the corporate front, Label’Vie will be absorbed by Retail Holding under a strategic merger plan, Finances News Hebdo reported. In trading, SOTHEMA jumped 8.2% despite the broader market decline, according to a May 5 analyst note.
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Mutandis targets Enosis at MAD1.7 bln as MASI closes up 0.57%
The MASI rose 0.57% to 18,811.95 points on Sept. 8, while the MASI 20 added 0.57% to 1,357.83, the MASI ESG gained 0.73% to 1,397.05 and the MASI Mid and Small Cap edged up 0.24% to 1,809.7. Mutandis led corporate news by seeking to take control of Enosis, valued at MAD1.7 billion, after a first half marked by higher revenue but lower profitability, according to Boursenews, L'Economiste, lematin.ma and Le Desk. Akdital received approval to open its first hospital in Riyadh, marking its entry into Saudi Arabia, telegraphe.ma and InfoMagazine Maroc reported. The sector backdrop stayed mixed, with a BKGR portfolio down in August on weaker industrial stocks according to LesEco.ma, while construction fell 7% and Managem drew MAD55.3 million in a near-flat market, according to Infomédiaire and a Sept. 8 analyst note.
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