Market finishes down
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The local stock market was marked by some volatility in the principal indices during the week. The SEMDEX and the SEMTRI dropped -1% and -0.34% respectively at the end of the days under review (6-13 July 2015).
The All-share index, SEMDEX, lost 1% during the week, closing the session of Monday 13th July 2015 at 1,945.05 points. The Total Return Index, SEMTRI, lost 21.78 points in one week, closing the session of Monday at 6,474.38 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 369.59 points. The market capitalisation stood at Rs 216.25 billion at market close on Monday.
Total transactions amounted to Rs 277.5 million during the week. The top five traded securities during the week were: Sun Resorts Ltd (SUN), SBM Holdings Ltd (SBMH), MCB Group Ltd (MCBG), Mauritius Oil Refineries Ltd (MOR) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 123.4 million, Rs 43.7 million, Rs 31.1 million, Rs 13.8 million and Rs 7.8 million. The shares of SUN, SBMH, MCBG, MOR and NMHL closed at Rs 43.50, Re 0.87, Rs 209.75, Rs 27.50 and Rs 18.95 on Monday 13th July 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 52 stocks figuring on the Official List, 6 moved up during the week, 27 remained stable and 19 went down. The best performing stocks for the week were: Phoenix Beverages Ltd (+11.11%), Gamma-Civic Ltd (+4.81%), ENL Land Ltd (+2.75%), MCFI Ltd (+1.78%) and Promotion and Development Ltd (+1.05%). The worst performers were: CIM Financial Services Ltd (-15.79%), New Mauritius Hotels Ltd (-5.25%), Air Mauritius Ltd (-4.55%), Mauritius Union Assurance Ltd (-3.54%) and United Basalt Products Ltd (-3.53%).
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 (%) |
Rockcastle Global Real Estate Company Ltd | 40.51 |
MCB Group Limited | 22.78 |
Rogers & Co. Ltd | 20.50 |
ENL Land Ltd | 20.19 |
Mauritius Union Assurance Co. Ltd | 19.62 |
Vivo Energy Mauritius Ltd | 19.51 |
Mauritius Oil Refineries Ltd | 19.47 |
The Mauritius Development Investment Trust Co. Ltd | 18.95 |
CIM Financial Services Ltd | 18.12 |
SBM Holdings Ltd | 17.50 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, finished at 207.37 points and 259.80 points respectively. Market capitalisation stood at Rs 49.28 billion. A total volume of 1.3 million shares for a total value of Rs 48.5 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, Phoenix Investment Company Ltd, Morning Light Ltd, Swan Life Ltd, United Investments Ltd, Livestock Feed Ltd (O) and The Union Sugar Estates Ltd. The total return varies from 21.47% to 38.92%.
On the international front, the Dow Jones Industrial Average went up 0.17% during the week whilst the NASDAQ went down 0.23%. In Europe, Britain FTSE-100, Germany DAX and France CAC-40 gained 1.33%, 2.33% and 1.97% respectively during the same time frame.
