LTheir purchases, like their sales, are up compared to Q1-2023, by 129% and 39.7% respectively, indicates the Moroccan Capital Market Authority (AMMC) in its Q1-2024 report on the profile of investors on the stock market. Moroccan legal entities are also in a net selling position, after having made sales of around 3.2 billion dirhams and purchases worth 3.1 billion dirhams. Their purchases and sales are up compared to Q1-2023, by 79.7% and 85.2% respectively.
Moroccan individuals increased their purchases by 4.8 times compared to Q1-2023 and by 65% compared to Q4-2023, for an amount that amounted to 2.7 billion dirhams. They made sales for an almost similar amount of 2.8 billion dirhams, up 6 times compared to Q1-2023 and 62.4% compared to Q4-2023. As for investors whose orders pass through the banking network, they increased their purchases by 55% compared to Q4-2023 and 3 times compared to Q1-2023. Sales increased by 78.3% compared to Q4-2023 and 6.3 times compared to Q1-2023.
In addition, among foreign investors, legal entities made purchases of 511 million dirhams (MDH), down compared to Q4-2023 (-23.6%) and Q1-2023 (-35.9%). They made sales for 992 MDH, down compared to Q4-2023 (-11.4%) and up compared to Q1-2023 (56.5%).
The AMMC also notes that at the end of Q1-2024, the Casablanca Stock Exchange indicators recorded an overall positive trend. The MASI and MASI 20 indices reached 13,009.23 and 1,058.69 points respectively at the end of March 2024, recording respective increases of 7.6% and 7% compared to the end of December 2023 and 25.2% and 27.2% compared to the end of March 2023.
Regarding market activity, the total volume of trade on the central and block markets reached 11.7 billion dirhams in Q1-2024, recording an increase of 82.8% compared to the same period in 2023 (6.4 billion dirhams). Thus, the central market concentrated 97% of the total trade, with a volume of 11.4 billion dirhams, representing an increase of 119% compared to Q1-2023 (5.2 billion dirhams) and a decrease of 5% compared to Q4-2023 (12 billion dirhams). The block market, for its part, represented only 3% of the total trade, with a volume of 291.3 million dirhams.
The number of orders on the central equity market recorded an increase of 85.3% compared to Q1-2023 and 30.1% compared to Q4-2023, reaching a total of 293,684 orders in Q1-2024. Similarly, the number of contracts increased by 146% between Q1-2024 (141,193 contracts) and Q1-2023 (57,389 contracts), and by 48% compared to Q4-2023 (95,434 contracts).
(with MAP)
