Market ends week on a positive note
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The Total Return Index, SEMTRI, closed the session of Monday 30 July 2012 at 5,349.08 points, gaining 30.77 points during the week. The All-share index, SEMDEX, closed at 1,754.06 points on Monday. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 339.03 points. At market close on Monday, market capitalisation reached Rs 166.16 billion.
Total transactions amounted to Rs 192 million during the week. The top 5 traded securities were: New Mauritius Hotels Ltd (NMHL), The Mauritius Commercial Bank Ltd (MCB), Terra Mauricia Ltd (TERA), State Bank of Mauritius Ltd (SBM) and The Mauritius Development Investment Trust Ltd (MDIT). They were exchanged for a total value of Rs 81.8 million, Rs 51 million, Rs 25.6 million, Rs 15.4 million and Rs 4 million, respectively, during this time frame. The shares of NMHL, MCB, TERA, SBM and MDIT closed at Rs 67.50, Rs 168.00, Rs 39.00, Rs 82.50 and Rs 5.00, respectively, on Monday 30 July 2012.
An analysis of the evolution of the prices of listed stocks indicates that out of the 40 stocks figuring on the Official List, 14 moved up during the week, 21 remained stable and 5 went down. The best performing stocks for the week were: POLICY Ltd (+12.50%), Caudan Development Ltd (+8.70%), ENL Commercial Ltd (+2.50%), Mauritius Oil Refineries (+2.36%) and New Mauritius Hotels Ltd (+2.27%). The worst performers were: Lux Island Resorts Ltd (-2.66%), Promotion and Development Ltd (-2.26%), Bramer Banking Corporation Ltd (-1.28%), Sun Resorts Ltd (-1.21%) and Omnicane Ltd (-0.66%).
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 146.85 points and 170.99 points, respectively. Market capitalization stood at Rs 52.10 billion. A total volume of 1.15 million shares for a total value of Rs 169.72 million has been traded during the week. The ten best performers in terms of annualised total returns since their listing on the stock exchange as at Monday 30 July 2012 are: Margarine Industries Ltd, Associated Commercial, United Bus Service, Morning Light, Union Flacq Ltd, Union Sugar Estates, United Investments, Chemco, FIDES and Livestock Feed Ltd (Ordinary). The total return varies from 26.67% to 56.25%. On the international front, financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average and the NASDAQ composite index gained 1.97 per cent and 1.12 per cent, respectively, during the week. In Europe, Germany’s DAX and France CAC 40 went up 0.90 per cent and 2.70 per cent, respectively, whilst Britain’s FTSE lost 0.44 per cent during the week.
