WORK SUMMARY - SEPTEMBER 2020
After hitting a low since April 2013, we note a significant improvement in investor confidence toward the Equity market in September 2020. In more details, AGR Confidence Index stood at 46.6 pts, up +11.1 pts in comparison to the previous edition. The graph attached clearly illustrates this evolution.
MOROCCO : AGR CONFIDENCE INDEX Vs. MASI INDEX SINCE SEPTEMBER 2011 (IN PTS)
By analyzing the results by investor category, we note a general upturn in investor confidence:
- The Index related to “Reference Actors” posted the strongest increase, i.e. +16.6 pts to 47.1 pts. In parallel, the index related to Foreigner investors has improved by +16.3 pts to 57.3 pts. It should be noted that this score went from the "Wait-and-See" phase to the "Assurance" phase;
- The index related to “domestic Institutional” investors recorded an increase of +9.1 pts to 44.8 pts;
- Finally, the Individual investors index recorded the lowest appreciation, i.e. +5.2 pts to 41.5 pts.
MOROCCO : AGR CONFIDENCE INDEX BY INVESTORS CATEGORY (IN PTS)
See graoh in attachement.
RESULTS’ DETAIL - INVESTORS’ PERCEPTION FOR Q4-2020
- 33.0% of investors surveyed forecast a recovery of the MASI index over the next three months against 14.0% in the previous edition ;
- 50.0% of investors anticipate an improvement in traded volumes over the next three months against 14.0% previously.
- 67.0% of investors surveyed are willing to allocate a part of their cash to the Equity market against 43.0% previously;
- 57.0% of investors consider that H1-20 achievements of listed companies would be mitigated compared to 29.0% in the previous edition.
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