So that IPOs traditionally instilled a positive breath on the Casablanca stock exchange with an increased volume and higher indices it appears now that there is a trend reversal.
It has also been marked with the title SNEP, dated last company to be listed on the Moroccan market pending GSI Morocco, which had a very difficult week with a real dive. Usually
last added titles are experiencing a period of grace where reservations upward succession of significant price increases generally fast enough that propel the track to gain 50%, before seeing the trade to stabilize around an equilibrium price.
Gold SNEP now the state of grace did not last more than a week, we went from the highest point of the title of 1663 dhs only 9 November 1400 dhs this Friday, November 16, either a performance since the stock quotation reduced to a 12% gain winded.
If we add to that the low number of shares allocated during the introduction, with 2 to 3 tracks for most individuals, we find that the interest to participate in IPOs is not so marked that 'ago for investors. Is there
see a beginning of disinterest individuals for the Moroccan market?
The question worth asking, but I think this transition period is necessary and allow a return to reason with the end of the 50% increase in one or two weeks and we should move towards a more normal situation during introductions with higher satisfaction satisfactory to investors, far from the 0.5% or 1% down on last operations.
Brokerage firms, banks and other stakeholders in the Casablanca stock exchange should now look towards the development of tools for the medium-term investment as savings plans Action tax-free, or mutual funds invested in action. Especially
lurks the risk of seeing part of the new investors attracted by the performance of CGI Addoha and turn away from the Moroccan place in 2008 with the likely application of the tax on capital gains to 20% instead of 10% now .
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