Market ends in negative territory
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The local stock market closed the week in negative territory.The SEMDEX and the SEMTRI finished -0.41% and -0.36% respectively at the end of the days under review (6-13 October 2014).
The Total Return Index, SEMTRI, ended at 6,993.46 points on Monday 13th October 2014, losing 24.96 points in one week. The All-share index, SEMDEX, lost 8.96 points during the week and closed the same session at 2,153.89 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 408.09 points. The market capitalisation stood Rs 236.83 billion at market close on Monday.
Total transactions during the week amounted to Rs 289.4 million. The top five trading securities were: MCB Group Limited (MCBG), New Mauritius Hotels Ltd (NMHL), Sun Resorts Ltd (SUN), SBM Holdings Ltd (SBMH) and Rogers & Co. Ltd (ROGE). They were exchanged for a total value of Rs 62.6 million, Rs 33.8 million, Rs 28.7 million, Rs 26.1 million and Rs 25.6 million. The shares of MCBG, NMHL, SUN, SBMH and ROGE closed at Rs 212.50, Rs 88.00, Rs 44.50, Rs 1.05 and Rs 260.00 on Monday 13th October 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 50 stocks figuring on the Official List, 10 moved up during the week, 17 remained stable and 23 went down. The best performing stocks for the week were: Rogers & Co. Ltd (+17.12%), Belle Mare Holding Ltd (+3.45%), Gamma-Civic Ltd (+3.09%), CIEL Limited (+2.13%) and Mauritius Oil Refineries Ltd (+1.82%). The worst performers were: Rockcastle Global Real Estate Co. Ltd (-10%), LUX* Island Resorts Ltd (-8.47%), Mauritius Union Assurance Ltd (-6.10%), Innodis Ltd (-4.03%) and Alteo Ltd (-3.74%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2014.
Companies | Total Return (%) since beginning of 2014 as at 13th October 2014 |
Rockcastle Global Real Estate Company Ltd | 51.82% |
Gamma-Civic Ltd | 47.90% |
LUX* Island Resorts Ltd | 39.02% |
Rogers & Co. Ltd | 33.94% |
Belle Mare Holding Ltd | 27.66% |
Fincorp Investment Ltd | 27.16% |
Mauritius Union Assurance Co. Ltd | 26.60% |
Promotion and Development Ltd | 23.17% |
National Investment Trust Ltd | 22.95% |
Innodis Ltd | 16.42% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 204.26 points and 250.54 points respectively. Market capitalisation stood at Rs 45.10 billion. A total volume of 2.3 million shares for a total value of Rs 55.1 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Mauritius Freeport Development Co. Ltd, Ciel Textile Ltd, Anglo Mauritius Assurance Society Ltd, Livestock Feed Ltd, Ascencia Ltd, Phoenix Investment Company Ltd, Bychemex Ltd, Hotelest Ltd, SODIA Ltd and Medine Limited. The total return varies from 11.25% to 67.86%.
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 2.74% and 4.45% respectively. In Europe, France CAC-40, Britain FTSE-100 and Germany DAX lost 4.86%, 2.88% and 4.42% respectively during the same time frame.
