Market ends week in positive territory
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The local stock market ended the days under review (10-17 February 2014) on a positive note. The SEMDEX and the SEMTRI gained 0.61% over the week.
The Total Return Index, SEMTRI registered a growth of 40.21 points during the week, closing the session of Monday 17th February 2014 at 6,629.05 points. The main index, SEMDEX, closed the same session at 2,080.40 points, gaining 12.62 points in one week. The SEM-7 index, which comprises the seven largest and most liquid stocks, ended at 400.03 points. At market close on Monday, market capitalisation reached Rs 225.72 billion.
Total transactions during the week amounted to Rs 207 million and the top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Lux Island Resorts Ltd, CIEL Limited and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 55.9 million, Rs 31.1 million, Rs 21 million, Rs 16 million and Rs 13.3 million respectively. The shares of MCB, SBM, Lux, CIEL and NMHL closed at Rs 212.00, Rs 1.05, Rs 39.50, Rs 7.30 and Rs 83.25 respectively on Monday 17th February 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 47 stocks figuring on the Official List, 16 moved up during the week, 16 remained stable and 15 went down. The best performing stocks for the week were: Bramer Banking Corporation Ltd (+8.33%), Innodis Ltd (+4.90%), Air Mauritius Ltd (+4.76%), Fincorp Investment Ltd (+3.70%) and Terra Mauricia Ltd (+3.04%). The worst performers were: Automatic Systems Ltd (-15%), Le Meritt holdings Ltd (-11.14%), Caudan Development Ltd (-6.78%), Dale Capital Group Ltd (-4%) and The Mauritius Development Investment Trust Co. Ltd (-2.02%).
The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.
Companies | Annualised Total Return (%) since listing as at 17th February 2014 |
CIM Financial Services Ltd | 37.20% |
The Mauritius Commercial Bank Ltd | 24.10% |
Vivo Energy Mauritius Ltd | 21.92% |
ENL Land Ltd | 21.33% |
Mauritius Oil Refineries Ltd | 20.62% |
The Mauritius Development Investment Trust Co. Ltd | 20.26% |
Mauritius Union Assurance Co. Ltd | 19.93% |
Gamma-Civic Ltd | 19.79% |
State Bank of Mauritius Ltd | 19.66% |
Rogers & Co. Ltd | 19.41% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 180.89 points and 218.84 points respectively. Market capitalization stood at Rs 44.59 billion. A total volume of 665,668 shares for a total value of Rs 13.9 million has been traded during the week. The ten best performers in terms of annualized total returns since their listing on the stock exchange as at Monday 17th February 2014 are: Margarine Industries Ltd, United Bus Service, ABC Motors Co. Ltd, Associated Commercial, Morning Light Ltd, The Union Sugar Estates Co. Ltd, Livestock Feed Ltd (O), Les Moulins de la Concorde Ltée, United Investments Ltd and FIDES. The total return varies from 22.64% to 46.41%.
On the international front, the financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite went up 2.28% and 2.86% respectively. In Europe, Germany DAX, France CAC-40 and Britain’s FTSE gained 3.88%, 2.65% and 1.40% respectively during the same time frame.
