Market ends week down
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The local market was marked by a fall in market indices during the week under review (27 January - 3 February 2014).
The Total Return Index, SEMTRI, lost 1.82% during these days, closing the session of Monday 3rd February 2014 at 6,607 points. The main index, SEMDEX, closed the same session at 2,074.05 points against 2,112.59 points a week earlier (-1.82%). The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 395.65 points on Monday. At market close on the same day, market capitalisation reached Rs 215.3 billion.
Total transactions during the week amounted to Rs 219.3 million and the top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), CIM Financial Services Ltd (CIM), Alteo Ltd and Terra Mauricia Ltd (TERA). They were exchanged for a total value of Rs 85.4 million, Rs 31.6 million, Rs 20 million, Rs 16 million and Rs 14.6 million, respectively. The shares of MCB, SBM, CIM, Alteo and TERA closed at Rs 207, Rs 1.02, Rs 8.14, Rs 36 and Rs 35.40, respectively, on Monday 3rd February 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 46 stocks figuring on the Official List, 7 moved up during the week, 15 remained stable and 24 went down. The best performing stocks for the week were: BlueLife Limited (+18%), NewGold Issuer Limited (+6.20%), Mauritius Oil Refineries Ltd (+4.91%), Omnicane Ltd (+2.78%) and Ireland Blyth Ltd (+1.15%). The worst performers were: Air Mauritius Ltd (-6.43%), MCFI Ltd (-5.14%), New Mauritius Hotels Ltd (-5.03%), Mauritian Eagle Insurance Co. Ltd (-4.97%) and Sun Resorts Ltd (-4.35%).
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 3rd February 2014 |
CIM Financial Services Ltd | 39.89% |
The Mauritius Commercial Bank Ltd | 24.03% |
Vivo Energy Mauritius Ltd | 21.79% |
ENL Land Ltd | 21.44% |
Mauritius Oil Refineries Ltd | 20.71% |
The Mauritius Development Investment Trust Co. Ltd | 20.40% |
Mauritius Union Assurance Co. Ltd | 19.99% |
Gamma-Civic Ltd | 19.84% |
State Bank of Mauritius Ltd | 19.52% |
Rogers & Co. Ltd | 19.43% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 180.21 points and 218.03 points respectively. Market capitalization stood at Rs 55.23 billion. A total volume of 325,688 shares for a total value of Rs 14.71 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 3rd February 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), Les Moulins de la Concorde Ltée, United Investments Ltd and FIDES. The total return varies from 22.76% to 46.69%.
On the international front, the financial markets ended mostly on a negative note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite went down 1.14% and 0.59% respectively during the same time frame. In Europe, Germany DAX and Britain’s FTSE lost 0.91% and 2.30% respectively in one week whilst France CAC-40 went slightly up 0.10% in one week.
