Bourse de Casablanca : Les indices creusent leur repli dès l'entame de la semaine

The Casablanca Stock Exchange navigated a challenging session as bearish momentum took hold across the primary indices, reflecting a broader sense of caution among institutional and retail market participants alike. The benchmark MASI index retreated by 1.39%, concluding the day’s trading at 18,385 points. This downward movement has further strained the index’s performance since the beginning of the year, deepening its year-to-date deficit to a total of 2.45%. The contraction was even more pronounced within the MASI 20, which tracks the twenty most liquid securities on the exchange. This specialized index surrendered 1.65% to settle at 1,424.32 points, underscoring a sharpening annual correction that now stands at a negative 4.13%. Liquidity remained relatively concentrated despite the prevailing volatility, with the central market recording a total turnover of 311.03 million dirhams. As is often the case during periods of heightened activity, the banking heavyweight Attijariwafa bank commanded the largest share of investor attention. The financial powerhouse led the volume charts with 34.95 million dirhams in transactions, though it was unable to escape the selling pressure that permeated the blue-chip segment. The stock ultimately shed 0.73% of its value to close at 720 dirhams. Similarly, SGTM faced headwinds as it rounded out the trio of most actively traded securities, attracting 25.91 million dirhams in volume while recording a 2.50% decline to finish at 818 dirhams. In sharp contrast to the general market malaise, the mining sector emerged as a significant bastion of resilience, driven by exceptional gains in specialized equities. Compagnie Minière de Touissit distinguished itself as the day's primary outlier, securing the position of the second-most active stock with 29.01 million dirhams in volume. More impressively, it posted the session’s most substantial advance, climbing 8.63% to reach 2,379 dirhams. This bullish sentiment extended to SMI, which mirrored its peer's success by advancing 8.08% to end the session at 6,701 dirhams. These robust gains suggest that investors are increasingly rotating into resource-linked assets or specific high-conviction plays to hedge against the broader equity downturn. Further support for selective growth was found in the pharmaceutical space, where Sothema demonstrated solid defensive qualities by gaining 4.45% to reach 1,808 dirhams. Despite these isolated pockets of strength, the cumulative impact of the session’s broad-based losses weighed heavily on the exchange's aggregate valuation. At the final bell, the total market capitalization of the Casablanca Stock Exchange was established at 1,025.5 billion dirhams. As market participants digest these latest figures, the focus for the upcoming sessions remains on whether the current correction in the large-cap segment will find a floor or if the benchmark indices will continue to test lower technical support levels.