Market Capitalisation crosses the Rs 400 billion mark

The local stock market posted strong gains during the week and saw the market capitalisation of the Official Market crossing the Rs 400 billion mark. The SEM-ASI and the SEMTRI-ASI gained 0.68% and 0.73% respectively at the end of the days under review (20 - 27 June 2017).

At market close of Tuesday 27^th June 2017, the total market capitalisation of the SEM-ASI constituents stood at Rs 400.37 billion. The total return index, SEMTRI, closed Tuesday’s session at its all-time high level of 7,445.65 points, gaining 82.29 points in one week. The SEMDEX ended the same session at 2,115.42 points. Since the start of 2017, the SEMTRI and the SEMDEX have achieved a growth of 18.01% and 16.98% respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 411.69 points. The SEM sustainability index, SEMSI, ended the same day at 117.56 points.

Total transactions amounted to Rs 121.5 million during the week. The top five trading securities were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), MDIT Ltd, Northfield International School Ltd Notes (NORT) and CIEL Limited (CIEL). They were exchanged for a total value of Rs 36.7 million, Rs 34.5 million, Rs 6.6 million, Rs 5.1 million and Rs 3 million respectively. The shares of MCBG, SBMH, MDIT, NORT and CIEL closed at Rs 269.50, Rs 7.26, Rs 4.38, Rs 1000.61 and Rs 7.70 on Tuesday 27^th June 2017.

An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 15 moved up during the week, 39 remained stable and 10 went down. The best performing stocks for the week were: United Docks Ltd (+6.22%), POLICY Ltd (+5.38%), MCB Group Ltd (+3.65%), MCFI Ltd (+2.98%) and Fincorp Investment Ltd (+2.94%). The worst performers were: MDIT Ltd (-2.45%), Air Mauritius Ltd (-2.34%), ENL Commercial Ltd (-1.43%), Sun Limited (-1.18%) and Alteo Ltd (-0.86%).

On the Development & Enterprise Market (DEM), at market close on Tuesday, the two indices, the DEMEX and the DEMTRI, closed at 212.73 points and 282.22 points respectively. A total volume of 775,954 shares for a total value of Rs 17.2 million has been traded during the week. The ten best performers in terms of annualised return since listing are: ABC Banking Corporation, Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, ABC Motors Company Ltd, Phoenix Investment Company Ltd, Livestock Feed Ltd (O), The Bee Equity Partners Ltd, Swan Life Ltd and Les Moulins de la Concorde Ltd. The total return varies from 21.56% to 39.46%.

On the international front, the Dow Jones Industrial Average went down 0.55% whilst the NASDAQ gained 0.13% in one week. In Europe, the DAX, the CAC and the FTSE-100 lost 0.92%, 0.28% and 1.02% respectively during the same period.

The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.