Local market witnesses heavy trading during the week
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The local stock market was characterized by heavy trading during the daysunder review (10-17 June 2013). However, the SEMDEX and the SEMTRI went down by 0.32% over the week.At market close on Monday, market capitalisation reached Rs 195.7 billion.
Shares worth Rs 405.8 million were exchanged in a market environment which saw the market indices slid during the week. The total return index, SEMTRI, lost 19.19 points during the week, closing the session of Monday 17 June 2013 at 5,991.11 points. The SEMTRI has registered a growth of 11.69% since the start of 2013. The All-share index, SEMDEX, closed the session of Monday at 1,925.89 points. On a year-to-date basis, the SEMDEX has grown by 11.19%. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 377.59 points. At market close on Monday, market capitalisation reached Rs 195.68 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 790.70 million.
The top five traded securities for the week were: State Bank of Mauritius Ltd (SBM), Rockcastle Global Real Estate Co. Ltd (ROCK), Mauritius Commercial Bank Ltd (MCB), Lux Island Resorts Ltd and Alteo Ltd. They were exchanged for a total value of Rs 181.4 million, Rs 88.8 million, Rs 77.2 million, Rs 9.9 million and Rs 8.2 million, respectively. The shares of SBM, ROCK, MCB, Lux and Alteo closed at Rs 1.03, USD 1.35, Rs 189, Rs 24.25 and Rs 36.20, respectively, on 17 June 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 13 moved up during the week, 19 remained stable and 12 went down. The best performing stocks for the week were: Lux Island Resorts Ltd (+10.23%), POLICY Ltd (+6.64%), Terra Mauricia Ltd (+3.96%), Belle Mare Holding Ltd (+3.50%) and Omnicane Ltd (+3.28%). The worst performers were: Automatic Systems Ltd (-14.29%), MCFI Ltd (-5.36%), Rockcastle Global Real Estate Co. Ltd (-3.57%), Mauritius Commercial Bank Ltd (-3.08%) and ENL Commercial Ltd (-2.27%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.
Companies | Total Return (%) since beginning of 2013 |
Lux Island Resorts Ltd | 49.69% |
P. O. L. I. C. Y Ltd | 37.02% |
Air Mauritius Ltd | 36.63% |
Promotion and Development Ltd | 31.21% |
Mauritian Eagle Insurance Co. Ltd | 28.10% |
New Mauritius Hotels Ltd | 26.09% |
Automatic Systems Ltd | 25.00% |
Rogers & Co. Ltd | 21.48% |
ENL Land Ltd | 18.25% |
Omnicane Ltd | 16.50% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 152.46 points and 180.60 points, respectively. Market capitalization stood at Rs 46.37 billion. A total volume of 2.55 million of shares for a total value of Rs 25.30 million has been traded during the week. The ten best performing stocks in terms of total returns since the beginning of 2013 are: Union Flacq Ltd, Deep River Investment Ltd (O), Les Moulins de la Concorde Ltée (O), Tropical Paradise Ltd (O), RHT Holding Ltd, The Union Sugar Estates Ltd Co Ltd, United Bus Service Ltd, ENL Investment Ltd, Les Gaz Industriels Ltd (O) and COVIFRA Ltée. The total return varies from 13.33% to 37.17%.
On the international front, financial markets ended the week on a negative note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite index lost 1.17% and 1.32%, respectively. In Europe, France CAC 40, Britain’s FTSE and Germany DAX went down 1.74%, 1.62% and 1.54%, respectively.
