Market ends week slightly down amid heavy trading
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The local market was marked by a slight fall in market indices amid heavy trading during the week. The SEM-ASI and the SEMTRI-ASI lost -0.06% and -0.05% respectively at the end of the days under review (17 - 24 October 2016).
The Total Return Index, SEMTRI-ASI, lost 3.33 points during the week, closing the session of Monday 24 October 2016 at 6,294.76 points. The all-share index, SEM-ASI, ended the same session at 1,842.17 points, losing 1.11 point in one week. The SEMDEX and the Total Return Index, SEMTRI, closed the session of Monday at 1,821.07 points and 6,277.41 points respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 348.34 points. The SEM sustainability index, SEMSI, ended the same day at 102.30 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 334.26 billion at market close on Monday.
Total transactions amounted to Rs 496.8 million during the week. The top five trading securities were: MCB India Sovereign Bond ETF (MCB ETF), CIEL Limited, MCB Group Ltd (MCBG), New Mauritius Hotels Ltd EURO Notes and SBM Holdings Ltd (SBMH). They were exchanged for a total value of Rs 222.1 million, Rs 109.8 million, Rs 93.8 million, Rs 8.5 million and Rs 8.1 million respectively. The shares of MCB ETF, CIEL, MCBG, NMH EURO Notes and SBMH closed at USD 10.68, Rs 6.06, Rs 220.00, EUR 988.79 and Rs 6.88 respectively on Monday 24 October 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 11 moved up during the week, 34 remained stable and 19 went down. The best performing stocks for the week were:MCFI Ltd (+5.25%), United Basalt Products Ltd (+3.23%), CIEL Ltd (+3.06%), BlueLife Ltd (+1.94%) and Phoenix Beverages Ltd (+1.90%). The worst performers were: United Docks Ltd (-10.43%), Automatic Systems Ltd (-7.94%), Lottotech Ltd (-6.16%), National Investment Trust Ltd (-3.93%) and Promotion and Development Ltd (-3.57%).
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) | 35.25 |
Rockcastle Global Real Estate Company Ltd (USD) | 29.19 |
MCB Group Limited | 22.05 |
Rogers & Co. Ltd | 19.26 |
ENL Land Ltd | 18.89 |
Mauritius Oil Refineries Ltd | 18.62 |
Vivo Energy Mauritius Ltd | 18.08 |
New Frontier Properties Ltd (GBP) | 17.95 |
Mauritius Union Assurance Co. Ltd | 17.80 |
United Basalt Products Ltd | 17.11 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 198.76 points and 257.70 points respectively. Market capitalisation stood at Rs 45.79 billion. A total volume of 478,545 shares for a total value of Rs 17.39 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 18.43% to 33.99%.
On the international front, the financial markets ended the week on a mixed note. The Dow Jones Industrial Average gained 0.04% whilst the NASDAQ lost 0.64% during the week. In Europe, France CAC-40, London FTSE-100 and Germany DAX registered a growth of 1.46%, 0.10% and 1.23% respectively during the same time frame.
