Local market ends week in positive territory
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The local stock market registered gains during the week (30 May - 6 June 2016).The SEMDEX and the SEMTRI progressed by 0.72% and 0.78% respectively at the end of the days under review.
The Total Return Index, SEMTRI, gained 46.12 points during the week, ending the session of Monday 6 June 2016 at 5,983.78 points. The All-share index, SEMDEX, closed the same session at 1,757.53 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 340.17 points. The SEM sustainability index, SEMSI, ended the same day at 98.83 points. The market capitalisation stood at Rs 199.65 billion at market close on Monday.
Total transactions during the week amounted to Rs 152.7 million. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), MUA Notes, CIEL Limited (CIEL) and Lux Island Resorts Ltd (Lux). They were exchanged for a total value of Rs 59.3 million, Rs 13.6 million, Rs 9.9 million, Rs 9.3 million and Rs 7.8 million respectively. The shares of MCBG, SBMH, MUA Notes, CIEL and Lux closed at Rs 213.00, Re 0.67, Rs 10,662.23, Rs 6.18 and Rs 57.00 on Monday 6 June 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 63 stocks figuring on the Official List, 16 moved up during the week, 30 remained stable and 17 went down. The best performing stocks for the week were: Automatic Systems Ltd (+14.92%), Mauritius Union Assurance Co. Ltd (+5.60%), MCB Group Ltd (+2.28%), New Mauritius Hotels Ltd (+1.98%) and Rogers & Co. Ltd (+1.89%). The worst performers were: POLICY Ltd (-5.52%), ENL Commercial Ltd (-3.70%), CMPL Ltée (-3.41%), Omnicane Ltd (-2.75%) and CIM Financial Services Ltd (- 2.01%).
The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.
Companies | Annualised Return Since Listing (%) |
Rockcastle Global Real Estate Company Ltd | 30.96 |
MCB Group Limited | 22.16 |
Rogers & Co. Ltd | 19.32 |
ENL Land Ltd | 19.01 |
Mauritius Oil Refineries Ltd | 18.72 |
Mauritius Union Assurance Co. Ltd | 17.96 |
Vivo Energy Mauritius Ltd | 17.67 |
The Mauritius Development Investment Trust Co. Ltd | 17.18 |
United Basalt Products Ltd | 16.59 |
Belle Mare Holding Ltd | 15.99 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 193.21 points and 247.62 points respectively. Market capitalisation stood at Rs 44.32 billion. A total volume of 6.7 million shares for a total value of Rs 84.8 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, ABC Motors Ltd, Swan Life Ltd, Phoenix Investment Company Ltd, Livestock Feed Ltd (O), Morning Light Ltd, Les Moulins de la Concorde Ltd and The Bee Equity Partners Ltd. The total return varies from 20.52% to 35.53%.
On the international front, the Dow Jones Industrial Average lost 0.37% whilst the NASDAQ gained 0.18% during the week. In Europe, France CAC-40, Germany DAX and London FTSE-100 went up 2.06%, 1.78% and 0.98% respectively in one week.
