Local market witnesses heavy trading during the week
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The local stock market was characterized by heavy trading in a market environment which saw market indices lost ground during the week under review (5-12 October 2015).A total volume of 73.9 million shares, amounting to nearly Rs 593.59 million, were exchanged on the Official market.
The Total Return Index, SEMTRI, closed the session of Monday 12th October 2015 at 6,313.76 points, losing 74.81 points during the last five sessions. The All-share index, SEMDEX, closed the same session at 1,891.99 points, losing 1.17% in one week. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 361.66 points. The SEM sustainability index, SEMSI, closed at 98.32 points. The market capitalisation stood at Rs 210.69 billion at market close on Monday.
Total transactions amounted to Rs 593.6 million during the week. The top traded companies were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL), Alteo Ltd and LUX* Island Resorts Ltd (Lux). They were exchanged for a total value of Rs 407.4 million, Rs 54.3 million, Rs 22.7 million, Rs 18.7 million and Rs 16.8 million. The shares of MCBG, SBMH, NMHL, Alteo and LUX* closed at Rs 208.75, Rs 0.82, Rs 17.95, Rs 34.10 and Rs 61.50 on Monday 12th October 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 53 stocks figuring on the Official List, 6 moved up during the week, 23 remained stable and 24 went down. The best performing stocks for the week were: United Docks Ltd (+4.83%), Plastic Industry (Mtius) Ltd (+4.48%), Omnicane Ltd (+1.87%), Air Mauritius Ltd (+0.98%) and Fincorp Investment Ltd (+0.79%). The worst performers were: ENL Commercial Ltd (-5.12%), Rogers & Co. Ltd (-5.01%), Swan General Ltd (-4.97%), Gamma-Civic Ltd (-4.94%) and MCFI Ltd (-4.55%).
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 | 35.14 |
MCB Group Limited | 22.58 |
ENL Land Ltd | 20.05 |
Rogers & Co. Ltd | 19.89 |
Mauritius Oil Refineries Ltd | 19.15 |
Vivo Energy Mauritius Ltd | 19.07 |
Mauritius Union Assurance Co. Ltd | 18.81 |
The Mauritius Development Investment Trust Co. Ltd | 18.59 |
Swan General Ltd | 18.00 |
P. O. L. I. C. Y Ltd | 16.98 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 202.51 points and 254.33 points respectively. Market capitalisation stood at Rs 49.79 billion. A total volume of 2.3 million shares for a total value of Rs 45.7 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, Phoenix Investment Company Ltd, ABC Motors Ltd, Swan Life Ltd, Livestock Feed Ltd (O), Morning Light Ltd, United Investment Ltd and Les Moulins de la Concorde Ltée (O). The total return varies from 19.01% to 37.92%.
On the international front, the Dow Jones Industrial Average and the NASDAQ went up 3.72% and 2.61% respectively during the week. In Europe, Germany DAX and France CAC-40 and FTSE-100 registered a gain of 5.69%, 5.44% and 4.67% respectively during the same time frame.
