Market finishes in negative territory
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The local market ended the week in negative territory. The SEM-ASI and the SEMTRI-ASI lost -0.66% at the end of the days under review (24 - 31 October 2016).
The Total Return Index, SEMTRI-ASI, lost 41.35 points during the week, closing the session of Monday 31 October 2016 at 6,253.41 points. The all-share index, SEM-ASI, ended the same session at 1,830.07 points, losing 12.10 points in one week. Both the SEMDEX and The Total Return Index, SEMTRI, registered a loss of 1.03% in one week, closing the session of Monday 31 October at 1,802.35 points and 6,212.91 points respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 343.96 points. The SEM sustainability index, SEMSI, ended the same day at 99.58 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 332.06 billion at market close on Monday.
Total transactions amounted to Rs 101.4 million during the week. The top five trading securities were: MCB Group Ltd (MCBG), Lux Island Resorts Ltd, SBM Holdings Ltd (SBMH), Belle Mare Holding Ltd (BMH) and Air Mauritius Ltd (AIRM). They were exchanged for a total value of Rs 23.2 million, Rs 13.1 million, Rs 8.4 million, Rs 7.7 million and Rs 5.2 million respectively. The shares of MCBG, Lux, SBMH, BMH and AIRM closed at Rs 213.00, Rs 59.25, Rs 6.88, Rs 26.00 and Rs 13.00 respectively on Monday 31 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, 7 moved up during the week, 39 remained stable and 18 went down. The best performing stocks for the week were:Caudan Development Ltd (+3.09%), CIM Financial Services Ltd (+2.61%), Mauritius Oil Refineries Ltd (+1.29%), Alteo Ltd (+1.13%) and CIEL Ltd (+0.66%). The worst performers were: Air Mauritius Ltd (-7.14%), Omnicane Ltd (-4.38%), Rogers & Co. Ltd (-3.39%), Lottotech Ltd (-3.28%) and MCB Group Ltd (-3.18%).
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) | 34.78 |
Rockcastle Global Real Estate Company Ltd (USD) | 29.06 |
MCB Group Limited | 21.89 |
Rogers & Co. Ltd | 19.09 |
ENL Land Ltd | 18.88 |
Mauritius Oil Refineries Ltd | 18.66 |
Vivo Energy Mauritius Ltd | 17.97 |
Mauritius Union Assurance Co. Ltd | 17.79 |
New Frontier Properties Ltd (GBP) | 17.63 |
United Basalt Products Ltd | 17.10 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 197.93 points and 256.62 points respectively. Market capitalisation stood at Rs 45.60 billion. A total volume of 1.9 million shares for a total value of Rs 31.5 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 19.14% to 33.92%.
On the international front, the financial markets ended the week on a mixed note. The Dow Jones Industrial Average and the NASDAQ went up 0.09% and 0.18% respectively during the week. In Europe, France CAC-40 gained 0.28% in one week whilst London FTSE-100 and Germany DAX registered a fall of 0.14% and 0.34% respectively during the same time frame.
