Market ends week up amid heavy trading
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The local stock market managed to post modest gains amid heavy trading during the week under review (19-26 May 2014).The SEMDEX and the SEMTRI moved up 0.6% and 0.65% respectively at the end of Monday’s session.
The Total Return Index, SEMTRI, gained 43 points during the week, closing the session of Monday 26th May 2014 at 6,635.60 points. The All share index, SEMDEX, ended the same session at 2,072.20 points. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 405.34 points. At market close on Monday, market capitalisation reached Rs 223.83 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2014 amounted to Rs 130 million.
Total transactions during the week amounted to Rs 318.7 million. The top five trading securities during the week were: CIEL Limited (CIEL), MCB Group Limited (MCBG), State Bank of Mauritius Ltd (SBM), Lux Island Resorts Ltd and New Mauritius Hotels Ltd (NMH). They were exchanged for a total value of Rs 85.5 million, Rs 72.7 million, Rs 67.0 million, Rs 14.8 million and Rs 11.6 million. The shares of CIEL, MCBG, SBM, Lux and NMHL closed at Rs 6.40, Rs 220.00, Rs 1.05, Rs 42.50 and Rs 84.00 on Monday 26th May 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 48 stocks figuring on the Official List, 18 moved up during the week, 18 remained stable and 12 went down. The best performing stocks for the week were: BlueLife Ltd (+7.43%), Automatic Sytems Ltd (+6.29%), Gamma-Civic Ltd (+4.78%), United Basalt Products Ltd (+3.66%) and ENL Land Ltd (P) (+2.73%). The worst performers were: ENL Commercial Ltd (-3.67%), Ireland Blyth Ltd (-3.29%), National Investment Trust Ltd (-3.15%), POLICY Ltd (-2.44%) and Bramer Banking Corporation Ltd (-2.23%).
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 26th May 2014 |
Gamma-Civic Ltd | 37.71% |
Harel Mallac Ltd | 13.25% |
Air Mauritius Ltd | 11.48% |
Mauritius Union Assurance Co. Ltd | 10.57% |
Rockcastle Global Real Estate Company Ltd | 9.16% |
Innodis Ltd | 9.13% |
Lux Island Resorts Ltd | 8.14% |
Mauritian Eagle Insurance Co. Ltd | 7.72% |
P. O. L. I. C. Y Ltd | 6.67% |
Belle Mare Holding Ltd | 6.38% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, finished at 177.61 points and 215.44 points respectively. Market capitalization stood at Rs 44.4 billion. A total volume of 1.79 million of shares for a total value of Rs 30.35 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Ciel Textile Ltd, Medine Share Holding (O), Mauritius Freeport Development Co. Ltd, EUDCOS, Alma Investments Ltd, Anglo Mauritius Assurance Society Ltd, Tropical Paradise Co Ltd (O), Livestock Feed Ltd (O), Associated Commercial Ltd and Ascencia Ltd. The total return varies from 3.99% to 22.13%.
On the international front, the financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite went up 0.70% and 2.33%. In Europe, France CAC-40 and Germany DAX went up 0.83% and 1.44% respectively whereas Britain’s FTSE lost 0.58% during the same time frame.
