Market closes in red
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The local stock market’s slide continued during the week under review (16-23 November 2015). The SEMTRI, SEMDEX and SEMSI went down by 2.04%, 2.04% and 1.76% respectively.
The Total Return Index, SEMTRI, lost 126.51 points in one week, closing the session of Monday 23 November 2015 at 6,083.48 points. The All-share index, SEMDEX, closed the same session at 1,812.74 points compared to 1,850.44 points last Monday. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 347.11 points. The SEM sustainability index, SEMSI, ended the day at 95.49 points. The market capitalisation stood at Rs 201.87 billion at market close on Monday.
Total transactions amounted to Rs 211.4 million during the week. The top traded companies were: MCB Group Ltd (MCBG), New Mauritius Hotels Ltd (NMHL), SBM Holdings Ltd (SBMH), LUX* Island Resorts Ltd and Sun Limited (SUN). They were exchanged for a total value of Rs 116 million, Rs 22.5 million, Rs 20.5 million, Rs 7.8 million and Rs 6.9 million. The shares of MCBG, NMHL, SBMH, LUX* and SUN closed at Rs 206.50, Rs 17.50, Rs 0.73, Rs 54.00 and Rs 34.00 on Monday 23 November 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 55 stocks figuring on the Official List, 4 moved up during the week, 26 remained stable and 25 went down. The best performing stocks for the week were: Lottotech Ltd (+4.64%), Mauritius Union Assurance Ltd (+3.33%), Mauritius Oil Refineries Ltd (+0.19%) and ENL Land Ltd (+0.11%). The worst performers were: Gamma-Civic Ltd (-7.06%), LUX* Island Resorts Ltd (-5.26%), SBM Holdings Ltd (-5.19%), CIM Financial Services Ltd (-4.58%) and Alteo Ltd (-4.41%).
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 | 33.81 |
MCB Group Limited | 22.51 |
Rogers & Co. Ltd | 19.91 |
ENL Land Ltd | 19.83 |
Mauritius Oil Refineries Ltd | 18.91 |
Vivo Energy Mauritius Ltd | 18.60 |
The Mauritius Development Investment Trust Co. Ltd | 18.32 |
Mauritius Union Assurance Co. Ltd | 18.29 |
Swan General Ltd | 17.78 |
P. O. L. I. C. Y Ltd | 16.61 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 197.38 points and 247.94 points respectively. Market capitalisation stood at Rs 48.53 billion. A total volume of 458,980 shares for a total value of Rs 16.7 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, ABC Motors Ltd, Phoenix Investment Company Ltd, Swan Life Ltd, Morning Light Ltd, Livestock Feed Ltd (O), United Investments Ltd and Les Moulins de la Concorde Ltée (O). The total return varies from 18.67% to 37.38%.
On the international front, the Dow Jones Industrial Average and the NASDAQ went up 3.35% and 3.59% respectively in one week. In Europe, Germany DAX, London FTSE-100 and France CAC-40 realised a growth of 3.84%, 3.54% and 2.14% respectively during the same time frame.
