Local market witnesses heavy trading during the week
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The local stock market was characterized by heavy trading during the week under review (26 January - 2 February 2015). Shares worth Rs 320.2 million were exchanged in a market environment which saw the indices lose ground during the week (-0.89% for the SEMDEX and the SEMTRI).
The All share index, SEMDEX, closed the session of Monday 2nd February 2015 at 2,007.74 points against 2,025.78 points a week earlier. The Total Return Index, SEMTRI, ended the same session at 6,581.90 points (6,641.01 points on 26 January). The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 373.59 points. The market capitalisation stood Rs 223.21 billion at market close on Monday.
The top five traded securities during the week were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL), Phoenix Beverages Ltd (PBL) and Lux Island Resorts Ltd. They were exchanged for a total value of Rs 107.7 million, Rs 52.4 million, Rs 32.8 million, Rs 23.5 million and Rs 18.4 million. The shares of MCBG, SBMH, NMHL, PBL and Lux closed at Rs 197.50, Rs 1.01, Rs 70.00, Rs 276 and Rs 53.00 on 2nd February 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 51 stocks figuring on the Official List, 11 moved up during the week, 21 remained stable and 19 went down. The best performing stocks for the week were: Gamma-Civic Ltd (+4.88%), Mauritius Union Assurance Co. Ltd (+4.17%), Phoenix Beverages Ltd (+2.41%), ENL Land Ltd (+2.13%) and Plastic Industry (Mauritius) Ltd (+1.25%). The worst performers were: LUX* Island Resorts Ltd (-7.42%), BlueLife Ltd (-7.41%), Caudan Development Ltd (-6.67%), New Mauritius Hotels Ltd (-6.67%) and Bramer Banking Corporation Ltd (-6.05%).
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 | 35.96% |
CIM Financial Services Ltd | 28.96% |
MCB Group Limited | 22.93% |
ENL Land Ltd | 20.63% |
Rogers & Co. Ltd | 20.59% |
Vivo Energy Mauritius Ltd | 20.56% |
Gamma-Civic Ltd | 20.03% |
Mauritius Union Assurance Co. Ltd | 20.01% |
Mauritius Oil Refineries Ltd | 19.71% |
The Mauritius Development Investment Trust Co. Ltd | 19.59% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 198.98 points and 246.41 points respectively. Market capitalisation stood at Rs 47.03 billion. A total volume of 438,129 shares for a total value of Rs 12.6 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, ABC Motors Ltd, Morning Light Ltd, Livestock Feed Ltd (O), Anglo Mauritius Assurance Society Ltd, United Investments Ltd, Phoenix Investment Co Ltd and The Union Sugar Estates Ltd. The total return varies from 22.70% to 41.30%.
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 lost 2.87% and 2.58% respectively. In Europe, Germany DAX went up 0.42% in one week whilst Britain FTSE-100 and France CAC-40 went down 1.22% and 0.79% respectively during the same time frame.
