Market dips slightly
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The local market lost ground during the week under review (23-30 September 2013). The SEMDEX and the SEMTRI slid 0.14% during these days.
The total return index, SEMTRI closed the session of Monday 30 September 2013 at 6,185.79 points whereas the All-share index, SEMDEX, ended at 1,961.38 points. Since the start of 2013, the SEMTRI and the SEMDEX have grown by 15.31% and 13.24% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 381.28 points. At market close on Monday, market capitalisation reached Rs 199.28 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 reached Rs 570.04 million.
Total transactions for the week under review amounted to Rs 158.7 million and the top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), Phoenix Beverages Ltd (PBL), New Mauritius Hotels Ltd (NMHL), Rogers & Co. Ltd and Alteo Ltd. They were exchanged for a total value of Rs 68.5 million, Rs 19.1 million, Rs 17.5 million, Rs 10 million and Rs 6.5 million, respectively, during this time frame. The shares of MCB, PBL, NMHL, Rogers and Alteo closed at Rs 193.50, Rs 190, Rs 80, Rs 192 and Rs 35.50, respectively, on Monday 30 September 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 13 moved up during the week, 17 remained stable and 15 went down. The best performing stocks for the week were: Mauritius Union Assurance Co. Ltd (+5.79%), Automatic Systems Ltd (+5%), Mauritian Eagle Insurance Co. Ltd (+3.16%), Bramer Banking Corporation Ltd (+2.87%) and Rogers & Co. Ltd (+1.59%). The worst performers were: ENL Commercial Ltd (-6.96%), Phoenix Beverages Ltd (-5%), MDIT Ltd (-4.76%), National Investment Trust Ltd (-4.73%) and Harel Mallac Ltd (-3.51%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.
Companies | Total Return (%) since beginning of 2013 |
Lux Island Resorts Ltd | 74.07% |
CIM Financial Services Ltd | 60.06% |
Automatic Systems Ltd | 53.12% |
P. O. L. I. C. Y Ltd | 49.82% |
New Mauritius Hotels Ltd | 41.59% |
Rogers & Co. Ltd | 32.43% |
Promotion and Development Ltd | 31.23% |
The Mauritius Development Investment Trust Co. Ltd | 30.59% |
National Investment Trust Ltd | 27.47% |
Air Mauritius Ltd | 26.24% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 157.16 points and 188.21 points respectively. Market capitalization stood at Rs 48.95 billion. A total volume of 1.2 million of shares for a total value of Rs 8.1 million has been traded during the week. The ten best performing stocks in terms of total returns since the beginning of 2013 are: Union Flacq Ltd, RHT Holding Ltd, Constance La Gaieté Company Ltd, ENL Investment Ltd, Deep River Investment Ltd (O), The United Bus Service Ltd, Ciel Investment Ltd, Union Sugar Estates Co Ltd, Tropical Paradise Ltd (O) and Mauritius Secondary Industries Ltd. The total return varies from 15.11% to 39.59%.
On the international front, financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average went down 1.25% whilst the NASDAQ Composite index gained 0.18% during the week. In Europe, Germany DAX, Britain’s FTSE and France CAC-40 lost 0.16%, 1.27% and 0.40% respectively during the same time frame.
