BMCE Capital Global Research Portfolio Declines 5.2% in April
Economy
BMCE Capital Global Research's portfolio ended the month of April 2026 in decline.
According to the April 2026 publication Strategy, it shows a monthly decline of 5.2%, in a market also oriented downwards.
The portfolio's decline was more pronounced than that of its benchmark index.
The MASI-RB fell 1.32% over the same period, according to data provided by BKGR.
In terms of valuation, the portfolio is valued at 23.5 times expected earnings in 2026, compared to 21.2 times for the MASI.
Its dividend yield stands at 3.1% for 2026, higher than that of the index, which stands at 2.8%.
The best contributions of the month came from HPS, Akdital, and LafargeHolcim Maroc.
Conversely, TGCC, Itissalat Al-Maghrib, and Sodep-Marsa Maroc weighed on the overall performance of the portfolio.
This evolution reflects an unfavorable month of April for the selection of BMCE Capital Global Research, despite a slightly higher expected yield than the market