Local Market evolves in a volatile environment
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The local stock market evolved in a volatile environment during the week under review (4-11 August 2014). The SEMDEX and the SEMTRI dropped slightly (- 0.20%) at the end of these days.
The Total Return Index, SEMTRI, after having reached its All-time high of 6,815.02 points on Thursday 7th August 2014, closed the session of Monday 11th August 2014 at 6,779.06 points. The All share index, SEMDEX, closed the same session at 2,095.37 points against 2,099.56 points last week. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 401.46 points. The market capitalisation, after having closed at its All-time high of Rs 231.61 billion on Thursday 7th August 2014, stood at Rs 230.39 billion at market close last Monday. Net foreign investments (Purchases-Sales) stood at Rs 189.76 million the same day.
Total transactions amounted to Rs 317.56 million during the week. The top five trading securities were: State Bank of Mauritius Ltd (SBM), Sanlam Africa Core Real Estate Fund Ltd (SARE), MCB Group Limited (MCBG), New Mauritius Hotels Ltd (NMHL) and Lottotech Ltd (LOTO). They were exchanged for a total value of Rs 77.6 million, Rs 49.6 million, Rs 38.4 million, Rs 35.2 million and Rs 25.8 million. The shares of SBM, SARE, MCBG, NMHL and LOTO closed at Rs 1.06, USD 5.60, Rs 212.00, Rs 86.50 and Rs 12.10 on Monday 11th August 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 19 moved up during the week, 17 remained stable and 13 went down. The best performing stocks for the week were: ENL Commercial Ltd (+5.14%), Swan Insurance Co. Ltd (+4.87%), Air Mauritius Ltd (+4.79%), POLICY Ltd (+4.71%) and Caudan Development Ltd (+4.20%). The worst performers were: Bramer Banking Corporation Ltd (-2.30%), Automatic Systems Ltd (-1.79%), BlueLife Ltd (-1.42%), MCB Group Ltd (-1.40%) and Terra Mauricia Ltd (-1.37%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2014.
Companies | Total Return (%) since beginning of 2014 as at 11th August 2014 |
Gamma-Civic Ltd | 45.00% |
Lux Island Resorts Ltd | 23.57% |
National Investment Trust Ltd | 17.10% |
Promotion and Development Ltd | 16.40% |
Harel Mallac Ltd | 14.44% |
Air Mauritius Ltd | 12.77% |
Mauritius Union Assurance Co. Ltd | 11.39% |
Innodis Ltd | 10.55% |
Caudan Development Ltd | 9.73% |
P. O. L. I. C. Y Ltd | 8.67% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 189.66 points and 232.63 points respectively. Market capitalisation stood at Rs 47.02 billion. A total volume of 13.47 million shares for a total value of Rs 434.68 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Alma Investments Ltd, Medine Share Holding Ltd (O), Mauritius Freeport Development Co. Ltd, Ciel Textile Ltd, Black River Investment Co. Ltd, Livestock Feed Ltd (O), Anglo Mauritius Assurance Society Ltd, Tropical Paradise Co Ltd (O), EUDCOS and Phoenix Investment Company Ltd. The total return varies from 5.44% to 105.42%.
On the international front, the financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite went up 0.37% and 0.42% respectively. In Europe, France CAC-40, Britain FTSE-100 and Germany DAX went down 1.31%, 1.67% and 2.18% respectively during the same time frame.
