Local Market witnesses heavy trading
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The local stock market was characterized by heavy trading during the week under review (17-24 November 2014). Shares worth Rs 821 million were exchanged in a market environment which saw the market indices ending the week on a negative note: -0.28% for the SEMDEX and the SEMTRI.
The Total Return Index, SEMTRI, lost 19.65 points during the week, closing the session of Monday 24th November 2014 at 6,801.43 points. The All share index, SEMDEX, ended the same session at 2,094.44 points against 2,100.37 points a week earlier. The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 395.96 points. The market capitalisation stood Rs 230.35 billion at market close on Monday.
The top five trading securities were: LUX* Island Resorts Ltd-Bond, MCB Group Limited (MCBG), New Mauritius Hotels Ltd (NMHL), United Basalt Products Ltd (UBP) and SBM Holdings Ltd (SBMH). They were exchanged for a total value of Rs 382.0 million, Rs 161.5 million, Rs 129.2 million, Rs 36.6 million and Rs 28.8 million. The shares of LUX* Bond, MCBG, NMHL, UBP and SBMH closed at Rs 11.40, Rs 202.75, Rs 87.00, Rs 73.50 and Rs 1.04 on 24th November 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 8 moved up during the week, 21 remained stable and 20 went down. The best performing stocks for the week were: Bramer Banking Corporation Ltd (+2.12%), eRAFITM Securities (+2.02%), National Investment Trust Ltd (+1%), Fincorp Investment Ltd (+0.93) and Swan Insurance Co. Ltd (+0.92%). The worst performers were: Belle Mare Holding Ltd (-6.92%), United Basalt Products Ltd (-5.77%), NewGold Securities Ltd (-5.52%), Compagnie des Magasins Populaires Ltée (-5%) and Air Mauritius Ltd (-4.69%).
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 24th November 2014 |
Rockcastle Global Real Estate Company Ltd | 52.49 |
LUX* Island Resorts Ltd | 45.45 |
Gamma-Civic Ltd | 38.29 |
Belle Mare Holding Ltd | 30.95 |
Rogers & Co. Ltd | 28.28 |
Promotion and Development Ltd | 23.17 |
National Investment Trust Ltd | 22.35 |
Mauritius Union Assurance Co. Ltd | 21.67 |
Fincorp Investment Ltd | 20.52 |
Phoenix Beverages Ltd | 15.65 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 201.95 points and 247.74 points respectively. Market capitalisation stood at Rs 47.73 billion. A total volume of 813,664 shares for a total value of Rs 36.4 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Mauritius Freeport Development Co. Ltd, Ciel Textile Ltd, Phoenix Investment Company Ltd, Anglo Mauritius Assurance Society Ltd, Livestock Feed Ltd, SODIA Ltd, Hotelest Ltd, Ascencia Ltd, Mauritius Secondary Industries Ltd and Medical & Surgical Centre Ltd. The total return varies from 9.80% to 70.71%.
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 gained 0.99% and 0.52% respectively. In Europe, Germany DAX, France CAC-40 and Britain FTSE-100 rose 5.19%, 3.44% and 1.45% respectively during the same time frame.
