Local market witnesses heavy trading during the week
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The local stock market was characterized by heavy trading during the days under review (6-13 January 2014). The SEMDEX and the SEMTRI gained 0.54% and 0.55% respectively over the week.
Shares worth Rs 281.3 million were exchanged in a market environment that saw the market indices ending the week on a positive note. After reaching its all-time high of 6,797.85 points on Friday 10th January 2014, the Total Return Index, SEMTRI, closed the session of Monday 13th January 2014 at 6,788.57 points, gaining 37.38 points during the week. The main index, SEMDEX, closed the same session at 2,131.34 points, after hitting its all-time high of 2,134.25 points on Friday 10th January 2014.
On a year-to-date basis, the SEMTRI and the SEMDEX have grown by 1.72% and 1.70% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks,closed at 409.76points onMonday. At market close on Monday, market capitalisation reached Rs 221.20 billion.
The most active trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Lux Island Resorts Ltd, CIM Financial Services Ltd (CIM) and New Mauritius Hotels Ltd (NMHL). They wereexchanged for a total value of Rs 133.9 million, Rs 53 million, Rs 21.5 million, Rs 17.7 million and Rs 11.8 million, respectively. The shares of MCB, SBM, Lux, CIM and NMHL closed at Rs 216.50, Rs 1.05, Rs 40.50, Rs 8.24 and Rs 91.50, respectively, on Monday 13th January 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 46 stocks figuring on the Official List, 18 moved up during the week, 18 remained stable and 10 went down. The best performing stocks for the week were: Le Meritt Holdings Ltd (+19.43%), Sun Resorts Ltd (+5.95%), POLICY Ltd (+5.06%), Mauritian Eagle Insurance Co. Ltd (+5%) and Caudan Development Ltd (+3.51%). The worst performers were:Gamma-Civic Ltd (-3.91%), ENL Commercial Ltd (-3.13%), Phoenix Beverages Ltd (-2.44%), United Basalt Products Ltd (-2.11%) and Terra Mauricia Ltd (-1.27%).
The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.
Companies | Annualised total return since listing as at 13 January 2014 |
CIM Financial Services Ltd | 43.59% |
The Mauritius Commercial Bank Ltd | 24.31% |
Vivo Energy Mauritius Ltd | 21.91% |
ENL Land Ltd | 21.71% |
Mauritius Oil Refineries Ltd | 20.66% |
The Mauritius Development Investment Trust Co. Ltd | 20.43% |
Gamma-Civic Ltd | 20.06% |
Mauritius Union Assurance Co. Ltd | 19.89% |
State Bank of Mauritius Ltd | 19.77% |
Rogers & Co. Ltd | 19.51% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at their all-time high of 181.44 points and 219.51 points, respectively. Market capitalization stood at Rs 55.6 billion. A total volume of 2.3 million shares for a total value of Rs 23.4 million has been traded during the week. The ten best performers in terms of annualized total returns since their listing on the stock exchange as at Monday 13th January 2014 are: Margarine Industries Ltd, ABC Motors Co. Ltd, United Bus Service, Associated Commercial, Morning Light Ltd, The Union Sugar Estates Co. Ltd, Livestock Feed Ltd (O), United Investments, Les Moulins de la Concorde Ltée and Deep River Investment Ltd (O). The total return varies from 23.52% to 47.13%.
On the international front, the financial markets ended the week on a mixed note. The Dow Jones Industrial Average lost 0.20% whilst the NASDAQ Composite went up 1.03% during the week. In Europe, Germany DAX, Britain’s FTSE and France CAC-40 gained 0.40%, 0.14% and 0.60% in one week.
