Market ends week slightly down
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The local market was marked by a slight fall in market indices during the week. The SEM-ASI lost -0.08% while the SEMTRI-ASI was almost the same at the end of the days under review (21 - 28 November 2016).
The all-share index, SEM-ASI, ended the session of Monday 28th November 2016 at 1,853.08 points, losing 1.57 point during the week. The Total Return Index, SEMTRI-ASI, ended the same day at 6,363.73 points. The SEMDEX and The Total Return Index, SEMTRI, ended last Monday’s session at 1,804.44 points and 6,261.80 points respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 343.81 points. The SEM sustainability index, SEMSI, ended at 99.87 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 337.17 billion at market close on Monday.
Total transactions amounted to Rs 265.4 million during the week. The top five trading securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), MCB Group Notes (MCBG Notes), Alteo Ltd and Lux Island Resorts Ltd. They were exchanged for a total value of Rs 132 million, Rs 40.3 million, Rs 15.6 million, Rs 13.9 million and Rs 10.3 million respectively. The shares of MCBG, SBMH, MCBG Notes, Alteo and Lux closed at Rs 214.00, Rs 6.90, Rs 1,030.48, Rs 27.40 and Rs 58.75 respectively on Monday 28th November 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 8 moved up during the week, 35 remained stable and 21 went down. The best performing stocks for the week were: Go Life International Ltd (33.33%), Sun Limited (+6.51%), Lottotech Ltd (3.57%), Air Mauritius Ltd (+2.75%) and Rogers & Co. Ltd (+2.29%). The worst performers were: Automatic Systems Ltd (-7.02%), Phoenix Beverages Ltd (-5.55%), Harel Mallac Ltd (-5.26%), ENL Commercial Ltd (-3.57%) and Mauritius Union Assurance Co. Ltd (-3.23%).
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) | 43.47 |
Rockcastle Global Real Estate Company Ltd (USD) | 28.68 |
MCB Group Limited | 21.94 |
New Frontier Properties Ltd (GBP) | 20.19 |
Rogers & Co. Ltd | 19.00 |
Mauritius Oil Refineries Ltd | 18.68 |
ENL Land Ltd | 18.61 |
Vivo Energy Mauritius Ltd | 17.87 |
Mauritius Union Assurance Co. Ltd | 17.60 |
United Basalt Products Ltd | 17.07 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 200.68 points and 261.05 points respectively. Market capitalisation stood at Rs 46.23 billion. A total volume of 1.9 million shares for a total value of Rs 33.6 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, Phoenix Investment Company Ltd, Swan Life Ltd, ABC Motors 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 17.86% to 33.63%.
On the international front, the financial markets ended the week on a positive note. The Dow Jones Industrial Average and the NASDAQ went up 1.51% and 1.45% respectively during the week. In Europe, Germany DAX, France CAC-40 and London FTSE-100 registered a gain of 0.33%, 1.02% and 0.96% respectively during the same time frame.
