Casablanca Stock Exchange Plummets 8.82% in Unprecedented Single-Day Drop

A bad start to the week for the Casablanca stock exchange. The Masi fell by 8.82%. As for the overall trading volume, it stood at 1.65 billion DH, of which 1.12 billion DH was channeled into the block market following a round-trip transaction on the Label’Vie value.

In addition, 21 stocks: Mutandis, Wafa Assurance, Attijariwafa bank, BMCE Bank, BMCI, BCP, Ciments du Maroc, Société des Boissons du Maroc, SNEP, Auto Hall, Taqa Morocco, Risma, Disway, IB Maroc, Microdata, Minière Touissit, Alliances, Marsa Maroc, Eqdom, Immorente and CTM, are reserved for a decline.

At the origin of this decline, the coronavirus affecting several countries including Morocco. For many financial analysts, it is clear that the indices of the Casablanca stock exchange have entered a bear market (which corresponds to a drop of more than 20%).