Market ends week in negative territory
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The local stock market ended the week in negative territory. The SEM-ASI and the SEMTRI lost 0.41% and 0.58% respectively at the end of the days under review (12 - 19 September 2016).
The local market ended the week under review in negative territory. The all share index, SEM-ASI ended the session of Monday 19th September 2016 at 1,815.91 points, losing 7.45 points during the week. The SEMDEX closed the same session at 1,794.17 points. The Total Return Index, SEMTRI, closed the session of Monday at 6,179.51 points against 6,215.57 points last Monday. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 341.65 points. The SEM sustainability index, SEMSI, ended the same day at 99.16 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 323.78 billion at market close on Monday.
Total transactions amounted to Rs 182.2 million during the week. The top five trading securities wereMCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), CIEL Limited, Compagnie de Beau Vallon Bonds (CBVL Bonds) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 93.3 million, Rs 27.8 million, Rs 12.8 million, Rs 7.8 million and Rs 5.4 million respectively. The shares of MCBG, SMBM, CIEL, CBVL Bonds and NMHL closed at Rs 208.00, Rs 0.67, Rs 6.06, Rs 994.41 and Rs 20.20 on Monday 19th September 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 4 moved up during the week, 43 remained stable and 17 went down. The best performing stocks for the week were:Promotion and Development Ltd (+1.58%), BlueLife Ltd (+0.88%), LottotechLtd (+0.48%) and MCB Group Ltd (+0.12%). The worst performers were: MDIT Ltd (-4.59%), Caudan Development Ltd (-3.92%), Fincorp Investment Ltd (-2.44%), Gamma-Civic Ltd (-2.13%) and Air Mauritius Ltd (-1.81%).
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) | 33.81 |
Rockcastle Global Real Estate Company Ltd (USD) | 29.63 |
New Frontier Properties Ltd (GBP) | 23.46 |
MCB Group Limited | 21.88 |
Rogers & Co. Ltd | 19.42 |
ENL Land Ltd | 18.96 |
Mauritius Oil Refineries Ltd | 18.50 |
Vivo Energy Mauritius Ltd | 18.17 |
Mauritius Union Assurance Co. Ltd | 17.88 |
The Mauritius Development Investment Trust Co. Ltd | 17.12 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 197.72 points and 255.71 points respectively. Market capitalisation stood at Rs 45.55 billion. A total volume of 3.6 million shares for a total value of Rs 44.9 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 20.87% to 34.37%.
On the international front, the financial markets ended the week on a mixed note. The Dow Jones Industrial Average and the NASDAQ registered a gain of 0.21% and 2.31% respectively during the week. In Europe, France CAC-40, Germany DAX and London FTSE-100 went down 3.54%, 2.81% and 0.98% during the same time frame.
