Market ends week in a stabilisation mode
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The stock market was marked by a stabilisation of the market indices during the week. The SEMDEX and the SEMTRI remained almost the same (-0.01%) at the end of the days under review (27 October - 2 November 2014).
The Total Return Index, SEMTRI, closed the session of Monday 3rd November 2014 at 6,915.93 points. The all share index, SEMDEX, ended the same session at 2,129.70 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 402.20 points. The market capitalisation stood at Rs 233.81 billion at market close on Monday.
Total transactions during the week amounted to Rs 443.8 million. The top five trading securities were: Automatic Systems Ltd (ASL), MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 79.5 million, Rs 73.1 million, Rs 62.9 million, Rs 55.9 million and Rs 42.4 million. The shares of ASL, MCBG, SBMH, CIEL and NMHL closed at Rs 94.00, Rs 208.50, Rs 1.04, Rs 7.80 and Rs 88.00 on 3rd November 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 11 moved up during the week, 21 remained stable and 17 went down. The best performing stocks for the week were: Rockcastle Global Real Estate Co. Ltd (+11.11%), Plastic Industry (Mtius) Ltd (+5.26%), CIEL Limited (+2.63%), Sun Resorts Ltd (+2.29%) and Air Mauritius Ltd (+1.71%). The worst performers were: Compagnie des Magasins Populaires Ltée (-20%), MCFI Ltd (-3.57%), United Basalt Products Ltd (-2.50%), Vivo Energy Mauritius Ltd (-2.16%) and Mauritius Oil Refineries Ltd (-1.82%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2014.
Companies | Total Return (%) since beginning of 2014 as at 3rd November 2014 |
Rockcastle Global Real Estate Company Ltd | 69.23% |
LUX* Island Resorts Ltd | 48.03% |
Gamma-Civic Ltd | 42.72% |
Belle Mare Holding Ltd | 31.06% |
Rogers & Co. Ltd | 30.34% |
Mauritius Union Assurance Co. Ltd | 23.31% |
Promotion and Development Ltd | 23.17% |
National Investment Trust Ltd | 22.95% |
Fincorp Investment Ltd | 19.97% |
Innodis Ltd | 17.40% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 202.87 points and 248.88 points respectively. Market capitalisation stood at Rs 44.80 billion. A total volume of 973,716 shares for a total value of Rs 31.7 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Mauritius Freeport Development Co. Ltd, Ciel Textile Ltd, Anglo Mauritius Assurance Society Ltd, Livestock Feed Ltd, SODIA Ltd, Medical & Surgical Centre Ltd, Ascencia Ltd, Phoenix Investment Company Ltd, Hotelest Ltd and Bychemex Ltd. The total return varies from 16.82% to 70.71%.
On the international front, the financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite gained 3.48% and 3.28% respectively. In Europe, France CAC-40, Germany DAX and Britain FTSE-100 went up by 2.52%, 3.77% and 2.47% respectively during the same time frame.
