Local market registers important gains
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The local stock market registered important gains during the week. The SEMDEX and the SEMTRI moved up by 2.47% at the end of the days under review (25 January - 2 February 2016).
The Total Return Index, SEMTRI, gained 151 points during the week, closing the session of Tuesday 2nd February 2016 at 6,259.69 points. On a year-to-date basis, the SEMTRI maintains a growth of 150.5 points, i.e. 2.46%. The All-share index, SEMDEX, closed the same session at 1,852.76 points, registering a growth of 2.30% on a year-to-date basis. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 356.11points. The SEM sustainability index, SEMSI, ended the same day at 99.59 points. The market capitalisation stood at Rs 206.35 billion at market close on Tuesday.
Total transactions amounted to Rs 136.9 million during the week. The top five traded securities were: MCB Group Ltd (MCBG), MCB Group Ltd-Notes, New Mauritius Hotels Ltd (NMHL), SBM Holdings Ltd (SBMH) and Ireland Blyth Ltd (IBL). They were exchanged for a total value of Rs 73.8 million, Rs 11.8 million, Rs 9.9 million, Rs 9.1 million and Rs 6.8 million respectively. The shares of MCBG, MCBG-Notes, NMHL, SBMH and IBL closed at Rs 208.25, Rs 1,024.87, Rs 23.80, Rs 0.68 and Rs 131.25 on Tuesday 2nd February 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 56 stocks figuring on the Official List, 12 moved up during the week, 29 remained stable and 15 went down. The best performing stocks for the week were: New Mauritius Hotels Ltd (+19.90%), Ireland Blyth Ltd (+18.24%), Belle Mare Holding Ltd (+10.16%), Fincorp Investment Ltd (+7.50%) and Sun Resorts Ltd (+3.22%). The worst performers were: Lottotech Ltd (-1.73%), Mauritius Union Assurance Co. Ltd (-1.61%), Rogers & Co Ltd (-1.60%), ENL Land Ltd (-1.51%) and Air Mauritius Ltd (-1.30%).
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 | 32.84 |
MCB Group Limited | 22.37 |
ENL Land Ltd | 19.99 |
Rogers & Co. Ltd | 19.73 |
Mauritius Oil Refineries Ltd | 18.76 |
Mauritius Union Assurance Co. Ltd | 18.17 |
The Mauritius Development Investment Trust Co. Ltd | 17.94 |
Vivo Energy Mauritius Ltd | 17.88 |
Swan General Ltd | 17.52 |
Omnicane Ltd | 16.54 |
On the Development & Enterprise Market (DEM), at market close on Tuesday, the two indices, the DEMEX and the DEMTRI, closed at 199.02 points and 252.95 points respectively. Market capitalisation stood at Rs 45.28 billion. A total volume of 588,023 shares for a total value of Rs 85.7 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, Associated Commercial Ltd, United Bus Service Ltd, ABC Motors Ltd, The Bee Equity Partners Ltd, Phoenix Investment Company Ltd, Livestock Feed Ltd (O), Swan Life Ltd, Morning Light Ltd and United Investments Ltd. The total return varies from 22.02% to 37.02%.
On the international front, the financial markets ended the week in positive territory. The Dow Jones Industrial Average and the NASDAQ went up 3.55% and 2.25% respectively in one week. In Europe, Germany DAX, London FTSE-100 and France CAC-40 registered a gain of 0.22%, 3.12% and 1.88% respectively during the same time frame.
