Market finishes up during the week
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The local stock market indices registered positive growth during the week under review(29 April-6 May 2013). The SEMDEX and the SEMTRI went up by 0.8% at the end of Monday’s session with a weekly market turnover exceeding Rs 113 million.
The All-share price index, SEMDEX, closed at 1,922.79 points on Monday 6 May 2013, gaining 190.74 points or 11.01% on a year-to-date basis. The total return index, SEMTRI, gained 47.41 points during the week, closing at 5,968.95 points against 5,921.54 points a week earlier. Since the beginning of 2013, the SEMTRI has registered a growth of 11.27%. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 382.42 points on Monday. At market close on Monday, market capitalisation reached Rs 195.36 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 652.52 million.
Total transactions reached Rs 113.3 million in one week. The top five traded securities for the week were: Alteo Ltd, Mauritius Commercial Bank Ltd (MCB), New Mauritius Hotels Ltd (NMHL), State Bank of Mauritius Ltd (SBM) and Terra Mauricia Ltd (Terra). They were exchanged for a total value of Rs 40.5 million, Rs 21.4 million, Rs 16.1 million, Rs 5.7 million and Rs 4.3 million, respectively, during this time frame. The shares of Alteo, MCB, NMHL, SBM and Terra closed at Rs 37.80, Rs 193, Rs 72, Rs 1.03 and Rs 40.50, respectively, on 6 May 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 43 stocks figuring on the Official List, 15 moved up during the week, 19 remained stable and 9 went down. The best performing stocks for the week were: Fincorp Investment Ltd (+4.97%), Lux Island Resorts Ltd (+4.40%), Plastic Industry (+2.19%), Alteo Ltd (+2.16%) and National Investment Trust Ltd (+2.13%). The worst performers were: Ireland Blyth (-1.18%), ENL Land (-1.06%), Terra Mauricia Ltd (-0.98%), The Mauritius Development Investment Trust Co. Ltd (-0.76%) and Vivo Energy Mauritius Ltd (-0.43%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.
Companies | Total Return since beginning of 2013 |
Air Mauritius Ltd | 40.59% |
Automatic Systems Ltd | 28.13% |
New Mauritius Hotels Ltd | 27.41% |
P. O. L. I. C. Y Ltd | 23.75% |
Rogers & Co. Ltd | 22.15% |
Promotion and Development Ltd | 20.01% |
ENL Land Ltd | 19.45% |
Alteo Ltd | 17.76% |
Lux Island Resorts | 17.28% |
Mauritian Eagle Insurance Co. Ltd | 15.29% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 152.08 points and 179.60 points, respectively. Market capitalization stood at Rs 45.37 billion. A total volume of 545,837 shares for a total value of Rs 10.3 million has been traded during the week. The ten best performing stocks in terms of total returns since the beginning of 2013 are: Union Flacq Ltd, Livestock Feed Ltd (O), Tropical Paradise Ltd (O), RHT Holding Ltd, Deep River Investment Ltd, United Bus Service Ltd, Les Moulins de la Concorde Ltée (O), The Union Sugar Estates Co Ltd, United Investment Ltd and ENL Investment Ltd. The total return varies from 14.17% to 50%.
On the international front, financial markets ended the week in positive territory due to a good US labour force report, showing U.S. employment rose at a faster pace than expected in April, a relief to investors nervous about a U.S. slowdown. For the week, the Dow Jones Industrial Average and the NASDAQ Composite index gained 1.78% and 3.03%, respectively. In Europe, Germany’s DAX, France CAC 40 and Britain’s FTSE went up 3.94%, 2.70% and 1.48%, respectively, in one week.
