The Moroccan Capital Market Authority (AMMC) has released its monthly report for June 2024, detailing significant movements and statistics in the market. Here are the five key highlights:
- Capital raises: By the end of June, capital raises had surged to nearly 54 billion dirhams (MMDH). This encompasses various financial instruments, showcasing the robust activity within the market.
- Debt instruments: The breakdown of these capital raises includes 41.2 MMDH from negotiable debt securities, 8.12 MMDH from bond issues, and 4.59 MMDH from equity securities. These figures highlight the diverse methods companies are utilizing to secure funding.
- Securities lending: The outstanding balance of securities lending operations stood at 27.4 MMDH at the end of June, reflecting an 8% decline compared to the same period last year. This decrease indicates a shift in market dynamics or investor strategies.
- Real estate investment trusts (OPCI): The net assets of Real Estate Investment Trusts (OPCI) reached 85.88 MMDH by the end of June, marking a modest increase of 0.27% since the beginning of the year. This growth suggests steady confidence in the real estate investment sector.
- OPCI growth: The number of accredited OPCIs also grew, with a total of 50 registered by the end of June. This indicates a gradual expansion in the real estate investment landscape, offering more options for investors.
These figures from the AMMC illustrate a vibrant and evolving capital market in Morocco, with significant movements in both debt and equity instruments, as well as sustained growth in real estate investments.
