Market ends week down
Share
The local stock market finishedthe week under review (8-15 July 2013) on a negative note. The SEMDEX went down by 0.94% while the SEMTRI fell 0.66%.
The total return index, SEMTRI closed the session of Monday 15 July 2013 at 5,827.80 points against 5,866.41 points a week earlier. The SEMTRI has registered a growth of 8.64% since the start of 2013. The All-share index, SEMDEX, closed the session of Monday at 1,859.38 points and has grown by 7.35% on a year-to-date basis. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 362.08 points. At market close on Monday, market capitalisation reached Rs 188.92 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 806.21 million.
Total turnover for the week amounted to Rs 129.9 million. The top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), New Mauritius Hotels Ltd (NMHL), State Bank of Mauritius Ltd (SBM), Ireland Blyth Ltd (IBL) and Alteo Ltd. They were exchanged for a total value of Rs 59.2 million, Rs 17.5 million, Rs 10.4 million, Rs 6.8 million and Rs 6.8 million, respectively, during this time frame. The shares of MCB, NMHL, SBM, IBL and Alteo closed at Rs 181.50, Rs 65.25, Rs 1.02, Rs 86 and Rs 34.20, respectively, on 15 July 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 7 moved up during the week, 16 remained stable and 21 went down. The best performing stocks for the week were: Go Life International PCC (+66.67%), Mauritius Stationery Manufacturers Ltd (+3.47%), Belle Mare Holding Ltd (+3%), Bramer Banking Corporation Ltd (+2.45) and Harel Mallac Ltd (+1.74%). The worst performers were:Compagnie des Magasins Populaires Ltée (-13.04%), ENL Commercial Ltd (-8.51%), ENL Land Ltd (P) (-8.16%), POLICY Ltd (-7.81%) and ENL Land Ltd (-7.61%).
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 |
Automatic Systems Ltd | 41.67% |
Air Mauritius Ltd | 35.15% |
Lux Island Resorts Ltd | 34.57% |
Promotion and Development Ltd | 31.21% |
Mauritian Eagle Insurance Co. Ltd | 28.10% |
Go Life International Ltd | 26.87% |
P. O. L. I. C. Y Ltd | 25.92% |
The Mauritius Development Investment Trust Co. Ltd | 22.99% |
CIM Financial Services Ltd | 22.08% |
Rogers & Co. Ltd | 21.16% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 151.86 points and 181.78 points, respectively. Market capitalization stood at Rs 47.30 billion. A total volume of 1.82 million of shares for a total value of Rs 8.21 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, Deep River Investment Ltd (O), Tropical Paradise Ltd (O), Les Moulins de la Concorde Ltée (O), RHT Holding Ltd, The Union Sugar Estates Ltd Co Ltd, United Bus Service Ltd, Constance La Gaiété Company Ltd, ENL Investment Ltd and Medical & Surgical Centre Ltd. The total return varies from 14.93% to 42.01%.
On the international front, financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite index went up 2.17% and 3.47%, respectively. In Europe, France CAC 40, Germany DAX and Britain’s FTSE gain 2.70%, 5.21% and 2.66%, respectively, during the week.
