Market ends week in negative territory
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The local stock market was characterized by a fall in market indices during the week. The SEMDEX and the SEMTRI lost 1.71% and 1.63% respectively at the end of the days under review (16 - 23 May 2016).
The Total Return Index, SEMTRI, lost 98.69 points in one week, closing the session of Monday 23 May 2016 at 5,959.03 points. The All-share index, SEMDEX, ended the same day at 1,755.06 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, finished at 337.68 points. The SEM sustainability index, SEMSI, ended the session at 97.17 points. The market capitalisation stood at Rs 198.51 billion at market close on Monday.
Total transactions during the week amounted to Rs 112 million. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL), Ireland Blyth Ltd (IBL) and Rogers & Co. Ltd (ROGE). They were exchanged for a total value of Rs 67 million, Rs 11 million, Rs 7.2 million, Rs 3.5 million and Rs 3.3 million respectively. The shares of MCBG, SBM, TERA, CIEL, IBL and ROGE closed at Rs 206.00, Rs 0.68, Rs 6.12, Rs 122.75 and Rs 26.00 on Monday 23 May 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 62 stocks figuring on the Official List, 7 moved up during the week, 31 remained stable and 24 went down. The best performing stocks for the week were: Automatic Systems Ltd (+5.53%), POLICY Ltd (+4.40%), Ireland Blyth Ltd (+2.29%), New Mauritius Hotels Ltd (P) (+0.89%) and Terra Mauricia Ltd (+0.66%). The worst performers were: Compagnie des Magasins Populaires Ltée (-10.20%), ENL Commercial Ltd (-9.68%), BlueLife Ltd (-8.77%), Mauritius Union Assurance Ltd (-5.65%) and Gamma Civic Ltd (- 5%).
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 | 32.73 |
MCB Group Limited | 22.04 |
ENL Land Ltd | 19.22 |
Rogers & Co. Ltd | 19.18 |
Mauritius Oil Refineries Ltd | 18.72 |
Mauritius Union Assurance Co. Ltd | 17.69 |
Vivo Energy Mauritius Ltd | 17.59 |
The Mauritius Development Investment Trust Co. Ltd | 17.26 |
United Basalt Products Ltd | 16.61 |
Omnicane Ltd | 16.14 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 194.63 points and 248.62 points respectively. Market capitalisation stood at Rs 44.64 billion. A total volume of 26,9608 shares for a total value of Rs 8.1 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, ABC Motors Ltd, Swan Life Ltd, Phoenix Investment Company Ltd, Livestock Feed Ltd (O), Morning Light Ltd, Les Moulins de la Concorde Ltd and The Bee Equity Partners Ltd. The total return varies from 20.76% to 35.69%.
On the international front, the Dow Jones Industrial Average lost 0.20% during the week whilst the NASDAQ gained 1.10% during the same time frame. In Europe, France CAC-40 and London FTSE-100 gained 0.78% and 0.29% respectively whilst Germany DAX went down 0.37% in one week.
