Local market witnesses heavy trading
Share
The local market was marked by heavy trading during the days under review (20-27 January 2014). However, the SEMDEX and the SEMTRI closed down by 0.66% over the week.
Shares worth Rs 463.66 million were exchanged in a market environment which saw the market indices lose ground during the week. The Total Return Index, SEMTRI, closed the session of Monday 27th January 2014 at 6,729.77 points, losing 44.52 points in one week. The main index, SEMDEX, ended the same session at 2,112.59 points. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 406.02 points on Monday. At market close on Monday, market capitalisation reached Rs 219.26 billion.
The top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), Gamma-Civic Ltd (GCL), State Bank of Mauritius Ltd (SBM), Swan Insurance Co. Ltd (SWAN) and Mauritius Union Assurance Co. Ltd (MUA). They were exchanged for a total value of Rs 251.3 million, Rs 60.6 million, Rs 35.2 million, Rs 31.2 million and Rs 12.9 million respectively. The shares of MCB, GCL, SBM, SWAN and MUA closed at Rs 212.75, Rs 36.00, Rs 1.05, Rs 300.00 and Rs 130.00 respectively on Monday 27th 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, 12 moved up during the week, 19 remained stable and 15 went down. The best performing stocks for the week were: MCFI Ltd (+5.42%), Ireland Blyth Ltd (+5.34%), Mauritian Eagle Insurance Co. Ltd (+4.99%), Air Mauritius Ltd (+3.64%) and Mauritius Union Assurance Co. Ltd (+2.77%). The worst performers were: Le Meritt Holdings Ltd (-5.78%), Bramer Banking Corporation Ltd (-4.51%), Caudan Development Ltd (-3.28%), Mauritius Oil Refineries Ltd (-2.65%) and United Basalt Products Ltd (-2.47%).
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 27th January 2014 |
CIM Financial Services Ltd | 44.76 |
The Mauritius Commercial Bank Ltd | 24.18 |
Vivo Energy Mauritius Ltd | 21.98 |
ENL Land Ltd | 21.57 |
Mauritius Oil Refineries Ltd | 20.49 |
The Mauritius Development Investment Trust Co. Ltd | 20.40 |
Mauritius Union Assurance Co. Ltd | 20.05 |
Gamma-Civic Ltd | 19.86 |
State Bank of Mauritius Ltd | 19.73 |
Rogers & Co. Ltd | 19.48 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 180.58 points and 218.47 points respectively. Market capitalization stood at Rs 55.34 billion. A total volume of 567,107 shares for a total value of Rs 33.9 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 27 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), Les Moulins de la Concorde Ltée, United Investments Ltd and FIDES. The total return varies from 22.83% to 46.84%.
On the international front, the financial markets ended the week on a negative note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite went down 3.52% and 1.65% respectively during the same time frame. In Europe, Germany DAX, Britain’s FTSE and France CAC-40 lost 3.60%, 2.42% and 3.84% respectively in one week.
