Market ends week in positive territory
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The local stock market ends in positive territory the week under review (16-23 September 2013). The SEMTRI and the SEMDEX ended with a 0.58% progress during this time frame.
The total return index, SEMTRI, closed the session of Monday 23rd September 2013 at 6,194.67 points, gaining 35.87 points during the last five sessions of the week. The All-share index, SEMDEX, closed the same session at 1,964.19 points. Since the start of 2013, the SEMTRI and the SEMDEX have grown by 15.48% and 13.40% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished Monday’s session at 381.32 points. At market close on Monday, market capitalisation reached Rs 199.57 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 reached Rs 601.71 million.
Total transactions for the week under review amounted to Rs 215.1 million and the top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), New Mauritius Hotels Ltd (NMHL), CIM Financial Services Ltd (CIM) and Vivo Energy Mauritius Ltd. They were exchanged for a total value of Rs 54.3 million, Rs 17.6 million, Rs 15.2 million, Rs 15 million and Rs 14.3 million respectively during this time frame. The shares of MCB, SBM, NMHL, CIM and Vivo closed at Rs 193, Rs 1.01, Rs 79.50, Rs 8.42 and Rs 139 respectively on Monday 23 September 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 15 moved up during the week, 16 remained stable and 14 went down. The best performing stocks for the week were: Sun Resorts Ltd (+10.41%), Lux Island Resorts Ltd (+6.30%), Alteo Ltd (+3.31%), New Mauritius Hotels Ltd (+3.25%) and ENL Commercial Ltd (+2.22%). The worst performers were: CIM Financial Services Ltd (-3.88%), Mauritian Eagle Insurance Co. Ltd (-2.06%), Innodis Ltd (-1.89%), Swan Insurance Co. Ltd (-1.59%) and Ireland Blyth Ltd (-1.54%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.
Companies | Total Return (%) since beginning of 2013 |
Lux Island Resorts Ltd | 77.16 |
CIM Financial Services Ltd | 63.16 |
P. O. L. I. C. Y Ltd | 48.97 |
Automatic Systems Ltd | 45.83 |
New Mauritius Hotels Ltd | 40.71 |
National Investment Trust Ltd | 33.33 |
The Mauritius Development Investment Trust Co. Ltd | 32.39 |
Promotion and Development Ltd | 31.23 |
Rogers & Co. Ltd | 31.04 |
Air Mauritius Ltd | 27.72 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 157.64 points and 188.78 points respectively. Market capitalization stood at Rs 49.10 billion. A total volume of 2.66 million of shares for a total value of Rs 29.49 million has been traded during the week. The ten best performing stocks in terms of total returns since the beginning of 2013 are: Union Flacq Ltd, RHT Holding Ltd, Deep River Investment Ltd (O), ENL Investment Ltd, Constance La Gaieté Company Ltd, Ciel Investment Ltd, Union Sugar Estates Co Ltd, The United Bus Service Ltd, Tropical Paradise Ltd (O) and Compagnie Immobilière Limitée. The total return varies from 14.58% to 39.59%.
On the international front, financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite index went up 0.49% and 1.41% respectively during the week. In Europe, Germany DAX, Britain’s FTSE and France CAC-40 gained 1.95%, 0.19% and 2.17% respectively during the same time frame.
