Le Matin – Bourse: Centrale Danone, Saham Assurance and Crédit du Maroc transferred to compartment B

The Casablanca Stock Exchange announced on Thursday the transfer, as of January 14, of the Centrale Danone, Saham Assurance and Crédit du Maroc (CDM) instruments from the “Principal A” compartment to the “Principal B”.

These three instruments were transferred “following the annual reclassification of equity securities on the basis of market capitalization, calculated taking into account the closing prices recorded on the last 90 trading days preceding 01/04/2021”, specifies the Stock Exchange of Casablanca in a notice published on its website.

According to the provisions of the new stock exchange regulations, the threshold set for the distribution of equity securities between these two compartments is set at 5 billion dirhams (MMDH) or equivalent in foreign currencies, recalls the same source.

The transfer between these two sub-funds is made according to the market capitalization which is calculated on the basis of the average of the closing prices recorded in the 90 trading days preceding the annual audit.

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