Market ends week down
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The local stock market ended down the week under review (13-20 January 2014). The SEMDEX and the SEMTRI lost 0.22% and 0.21% respectively over the week.
The Total Return Index, SEMTRI, lost 14.28 points during the week to close the session of Monday 20th January 2014 at 6,774.29 points. The main index, SEMDEX, closed the samesession at 2,126.57 points. On a year-to-date basis, the SEMTRI and the SEMDEX have grown by 1.50% and 1.47% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks,closed at 409.04points onMonday. At market close on Monday, market capitalisation reached Rs 220.71 billion.
Total transactions amounted to Rs 170 million during the week. The top five trading securities were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Innodis Ltd, New Mauritius Hotels Ltd (NMHL) and Sun Resorts Ltd (SUN). They wereexchanged for a total value of Rs 53.6 million, Rs 33 million, Rs 28.6 million, Rs 9.1 million and Rs 8.4 million. The shares of MCB, SBM, Innodis, NMHL and SUN closed at Rs 216.00, Rs 1.06, Rs 51.50, Rs 91.25 and Rs 46.00 on Monday 20th January 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 46 stocks figuring on the Official List, 10 moved up during the week, 19 remained stable and 17 went down. The best performing stocks for the week were: Caudan Development Ltd (+3.39%), Sun Resorts Ltd (+3.37%), CIM Financial Services Ltd (+2.43%), POLICY Ltd (+2.41%) and Vivo Energy Mauritius Ltd (+1.32%). The worst performers were:Bluelife Limited (-7.27%), ENL Commercial Ltd (-5.16%), Le Meritt Holdings Ltd (-4.78%), Swan Insurance Co. Ltd (-3.17%) and United Docks Ltd (-2.78%).
The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.
Companies | Annualised total return since listing as at 20 January 2014 |
CIM Financial Services Ltd | 45.60% |
The Mauritius Commercial Bank Ltd | 24.27% |
Vivo Energy Mauritius Ltd | 21.97% |
ENL Land Ltd | 21.64% |
Mauritius Oil Refineries Ltd | 20.64% |
The Mauritius Development Investment Trust Co. Ltd | 20.43% |
Mauritius Union Assurance Co. Ltd | 19.91% |
Gamma-Civic Ltd | 19.88% |
State Bank of Mauritius Ltd | 19.81% |
Rogers & Co. Ltd | 19.51% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 179.90 points and 217.64 points respectively. Market capitalization stood at Rs 55.13 billion. A total volume of 4.2 million shares for a total value of Rs 36 million has been traded during the week. The ten best performers in terms of annualized total returns since their listing on the stock exchange as at Monday 20 January 2014 are: Margarine Industries Ltd, ABC Motors Co. Ltd, United Bus Service, Associated Commercial, Morning Light Ltd, The Union Sugar Estates Co. Ltd, Livestock Feed Ltd (O), United Investments, Les Moulins de la Concorde Ltée and Deep River Investment Ltd (O). The total return varies from 22.77% to 46.98%.
On the international front, the financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite went up 0.13% and 0.55% respectively. In Europe, Germany DAX, Britain’s FTSE and France CAC-40 gained 2.85%, 1.33% and 1.81% during the same time frame.
