Local market ends week in positive territory

The local stock market ended the week in positive territory.The SEMDEX and the SEMTRI progressed by 2.82% at the end of the days under review (1-8 August 2016).

The Total Return Index, SEMTRI, grew by 174.11 points in one week, closing the session of Monday 8 August 2016 at 6,345.81 points. The All-share index, SEMDEX, closed the same session at 1,846.08 points gaining 50.65 points during the same time frame. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 353.58 points. The SEM sustainability index, SEMSI, ended the same day at 100.30 points. The market capitalisation stood at Rs 220.53 billion at market close on Monday.

Total transactions during the week amounted to Rs 211.8 million. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), Alteo Ltd (ALT), Notes of MCB Group Ltd (MCBG Notes) and CIEL Limited (CIEL). They were exchanged for a total value of Rs 77 million, Rs 25.4 million, Rs 18 million, Rs 14 million and Rs 11.7 million respectively. The shares of MCBG, SBMH, ALT, MCBG Notes and CIEL closed at Rs 209.25, Rs 0.69, Rs 31.50, Rs 1005.71 and Rs 6.10 on Monday 8 August 2016.

An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 22 moved up during the week, 33 remained stable and 9 went down. The best performing stocks for the week were: ENL Land Ltd (+14.63%), CIM Financial Services Ltd (+10%), IBL Ltd (+9.97%), Alteo Ltd (+7.69%) and Phoenix Beverages Ltd (+5.95%). The worst performers were: New Mauritius Hotels Ltd (P) (-3%), SBM Holdings Ltd (-2.82%), Caudan Development Ltd (-2.46%), Mauritius Oil Refineries Ltd (-1.32%) and Air Mauritius Ltd (-1.17%).

The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.

On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 194.30 points and 251.11 points respectively. Market capitalisation stood at Rs 44.76 billion. A total volume of 5 million shares for a total value of Rs 65 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), Les Moulins de la Concorde Ltd, Morning Light Ltd and The Bee Equity Partners Ltd. The total return varies from 20.31% to 34.82%.

On the international front, the Dow Jones Industrial Average and the NASDAQ went up 0.60% and 1.14% respectively during the week. In Europe, France CAC-40 lost 0.66% during the week whilst Germany DAX and London FTSE-100 registered a growth of 0.29% and 0.92% respectively during the same time frame.