Market ends week down
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The local stock market was marked by a fall in market indices during the week (28 March - 4 April 2016). The SEMDEX and the SEMTRI went down -0.29% and 0.22% respectively at the end of the days under review.
The Total Return Index, SEMTRI, closed the session of Monday 4 April 2016 at 6,084.60 points, losing 13.71 points during the week. The All-share index, SEMDEX, closed the same session at 1,795.38 points against 1,800.55 points on Monday 28 March. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 344.49 points. The SEM sustainability index, SEMSI, ended last Monday’s session at 98.35 points. The market capitalisation stood at Rs 203.07 billion at market close on that day.
Total transactions during the week amounted to Rs 226.9 million. The top five tradedsecurities were: Alteo Ltd (ALTEO), MCB Group Ltd (MCBG),Mauritius Union Assurance Co. Ltd (MUA), SBM Holdings Ltd (SBMH) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 103.4 million, Rs 71 million, Rs 14 million, Rs 8.8 million and Rs 6 million respectively. The shares of ALTEO, MCBG, MUA, SBMH and NMHL closed at Rs 27.00, Rs 206.50, Rs 61.25, Re 0.67 and Rs 22.40 on Monday 4 April 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 58 stocks figuring on the Official List, 12 moved up during the week, 32 remained stable and 14 went down. The best performing stocks for the week were:Terra Mauricia Ltd (+5.08%), Automatic Systems Ltd (+5.00%),Mauritius Union Assurance Co. Ltd (+3.81%), Sun Limited(+2.37%) andBelle Mare Holding Ltd (+2.00%). The worst performers were: Lottotech Ltd (-12.73%),Promotion and Development Ltd (-4.66), Delta International Property Holdings Ltd (- 3.33%) SBM Holdings Ltd (-2.90%) and Swan General Ltd (-1.92%).
The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.
Companies | Annualised Return Since Listing (%) |
Rockcastle Global Real Estate Company Ltd | 32.93 |
MCB Group Limited | 22.18 |
Rogers & Co. Ltd | 19.59 |
ENL Land Ltd | 19.49 |
Mauritius Oil Refineries Ltd | 18.65 |
Mauritius Union Assurance Co. Ltd | 18.05 |
The Mauritius Development Investment Trust Co. Ltd | 17.57 |
Vivo Energy Mauritius Ltd | 17.38 |
Swan General Ltd | 16.80 |
United Basalt Products Ltd | 16.46 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 197.90 points and 251.81 points respectively. Market capitalisation stood at Rs 45.09 billion. A total volume of 319,258 shares for a total value of Rs 5.3 million has been traded during the week. The ten best performers in terms of annualised total return since listing are: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, ABC Motors Company Ltd, Phoenix Investment CompanyLtd, Livestock Feed Ltd (O), Swan Life Ltd, Morning Light Ltd, The Bee Equity Partners Ltd and Les Moulins de La Concorde Ltée (Ordinary). The total return varies from 20.77% to 36.27%.
On the international front, the Dow Jones Industrial Average and the NASDAQ went up 1.58% and 2.95 % respectively in one week. In Europe, Germany DAX and France CAC-% lost 0.58 % and 0.17 % respectively whilst London FTSE-100 registered a gain of 0.65% during the same time frame.
