Market ends week in negative territory
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The local market was marked by a fall in market indices during the week. The SEM-ASI and the SEMTRI-ASI lost -0.46% and -0.41% respectively at the end of the days under review (10 - 17 October 2016).
The Total Return Index, SEMTRI-ASI, lost 26.09 points during the week, closing the session of Monday 17 October 2016 at 6,298.09 points. The all share index, SEM-ASI, ended the same session at 1,843.28 points, losing 8.51 points in one week. The SEMDEX and the Total Return Index, SEMTRI, closed the session of Monday at 1,825.45 points and 6,291.83 points respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 348.56 points. The SEM sustainability index, SEMSI, ended the same day at 101.90 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 334.46 billion at market close on Monday.
Total transactions amounted to Rs 251.2 million during the week. The top five trading securities were: SBM Holdings Ltd (SBMH), MCB Group Ltd (MCBG), CIEL Limited, Omnicane Series 4 and Series 2 Notes. They were exchanged for a total value of Rs 80.6 million, Rs 50.3 million, Rs 33 million, Rs 32.9 million and Rs 9.3 million respectively.
An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 10 moved up during the week, 41 remained stable and 13 went down. The best performing stocks for the week were:United Basalt Products Ltd (+4.49%), POLICY Ltd (+2.62%), Belle Mare Holding Ltd (+2.58%), Caudan Development Ltd (+2.04%) and Mauritius Oil Refineries Ltd (+1.48%). The worst performers were: BlueLife Ltd (-8.44%), Fincorp Investment Ltd (-3.14%), Sun Resorts Ltd (-2.05%), Promotion and Development Ltd (-2%) and CIM Financial Services Ltd (-1.98%).
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 (%) |
Greenbay Properties Ltd - (GBP) | 35.30 |
Rockcastle Global Real Estate Company Ltd (USD) | 29.27 |
MCB Group Limited | 22.04 |
Rogers & Co. Ltd | 19.21 |
ENL Land Ltd | 18.91 |
Mauritius Oil Refineries Ltd | 18.67 |
Vivo Energy Mauritius Ltd | 18.23 |
Mauritius Union Assurance Co. Ltd | 17.84 |
New Frontier Properties Ltd (GBP) | 17.59 |
The Mauritius Development Investment Trust Co. Ltd | 17.08 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 199.44 points and 258.58 points respectively. Market capitalisation stood at Rs 45.95 billion. A total volume of 2.64 million shares for a total value of Rs 40.5 million has been traded during the week. The ten best performers in terms of annualised return since listingare: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, Phoenix Investment Company Ltd, ABC Motors Ltd, Swan Life Ltd, Livestock Feed Ltd (O), Les Moulins de la Concorde Ltd, Morning Light Ltd and The Bee Equity Partners Ltd. The total return varies from 18.55% to 34.07%.
On the international front, the financial markets ended the week on a mixed note. The Dow Jones Industrial Average and the NASDAQ lost 0.56% and 1.48% respectively during the week. In Europe, France CAC-40 and Germany DAX registered a gain of 0.47% and 0.85% respectively whilst London FTSE-100 lost 0.44% during the same time frame.
