MASI slips 0.1% as Akdital expands pact and Label’Vie targets merger
The MASI fell 0.1% to 18,921.2 points on May 7, while the MASI 20 lost 0.13% to 1,380.73, the MASI ESG dropped 0.36% to 1,333.37 and the MASI Mid and Small Cap edged down 0.03% to 1,972.81. Managem drew MAD 35.7 million and mining stocks held up despite the broader dip, according to May 7 analyst notes, after the MASI had risen 1.66% on May 6 in a broadly firmer market. Akdital expanded its partnership with Accreditation Canada to 12 facilities, according to Medias24. Label’Vie is set to be absorbed by Retail Holding under a strategic merger plan, Finances News Hebdo reported.
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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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