Market ends week slightly down

The local stock market was marked by a slight fall in market indices during the week (27 June - 4 July 2016). The SEMDEX and the SEMTRI went down -0.14% at the end of the days under review.

The Total Return Index, SEMTRI, ended the session of Monday 4 July 2016 at 5,969.67 points, registering a fall of 8.55 points during the period under review. The All-share index, SEMDEX, closed the same session at 1,751.12 points against 1,753.63 points last Monday. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 337.57 points. The SEM sustainability index, SEMSI, ended the same day at 99.06 points. The market capitalisation stood at Rs 190 billion at market close on Monday.

Total transactions during the week amounted to Rs 202.8 million. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), Lux Island Resorts Ltd (LUX), New Mauritius Hotels Ltd (NMHL) and Greenbay Properties Limited (GFP). They were exchanged for a total value of Rs 78.4 million, Rs 40.8 million, Rs 10.1 million, Rs 9.7 million and Rs 8.3 million respectively. The shares of MCBG, SBMH, LUX, NMHL and GFP closed at Rs 211.00, Rs 0.63, Rs 57.50, Rs 20.20 and GBP 0.07 on Monday 4 July 2016.

An analysis of the evolution of the prices of listed stocks indicates that out of the 62 stocks figuring on the Official List, 17 moved up during the week, 32 remained stable and 13 went down. The best performing stocks for the week were: Greenbay Properties Ltd (+16.67%), ENL Commercial Ltd (+5.93%), New Mauritius Hotels (P) (+5.91%), United Basalt Products Ltd (+3.75%) and Fincorp Investment Ltd (+2.63%). The worst performers were: Caudan Development Ltd (-6.50%), Omnicane Ltd (-5.66%), Air Mauritius Ltd (-4.40%), Gamma-Civic Ltd (-3.08%) and MCFI Ltd (-3.04%).

The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.

On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 193.98 points and 249.93 points respectively. Market capitalisation stood at Rs 44.69 billion. A total volume of 473,674 shares for a total value of Rs 14.9 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 United Investment Ltd. The total return varies from 20.36% to 35.21%.

On the international front, the financial markets ended the week on a positive note. The Dow Jones Industrial Average and the NASDAQ went up 3.15% and 3.28% respectively during the week. In Europe, France CAC-40, Germany DAX and London FTSE-100 registered a gain of 4.07%, 2.29% and 7.15% respectively in one week.