Market finishes up
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The local market ended the week on a positive note. The SEMTRI and the SEMDEX closed up 0.25% and 0.20% respectively at the end of these days.
The total return index, SEMTRI closed the session of Monday 7 October 2013 at 6,201.44 points. The All-share index, SEMDEX, finished the same session at 1,965.39 points. Since the start of 2013, the SEMTRI and the SEMDEX have grown by 15.61% and 13.47% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, ended at 383.41 points. At market close on Monday, market capitalisation reached Rs 199.69 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 553.6 million.
Total transactions for the week under review amounted to Rs 300.7 million and the top five traded securities for the week were: State Bank of Mauritius Ltd (SBM), Phoenix Beverages Ltd (PBL), The Mauritius Commercial Bank Ltd (MCB), New Mauritius Hotels Ltd (NMHL) and Alteo Ltd. They were exchanged for a total value of Rs 83.4 million, Rs 65.3 million, Rs 64.2 million, Rs 17.5 million and Rs 10 million respectively during this time frame. The shares of SBM, PBL, MCB, NMHL and Alteo closed at Rs 1.01, Rs 190, Rs 195, Rs 81.50 and Rs 35.75 respectively on Monday 7 October 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 13 moved up during the week, 17 remained stable and 15 went down. The best performing stocks for the week were: CMPL (+5.16%), Plastic Industry (+3.13%), Dale Capital Group (+2.94%), Lux Island Resorts (+2.84%) and Omnicane (+2.35%). The worst performers were: Go Life International (-25%), NewGold Issuer (-4.32%), Bramer Banking Corporation Ltd (-4.02%), MCFI (-3.92%) and ENL Land (Pref) (-3.33%).
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 |
Lux Island Resorts Ltd | 79.01% |
CIM Financial Services Ltd | 58.89% |
Automatic Systems Ltd | 53.12% |
P. O. L. I. C. Y Ltd | 48.54% |
New Mauritius Hotels Ltd | 44.25% |
Rogers & Co. Ltd | 31.56% |
Promotion and Development Ltd | 31.23% |
The Mauritius Development Investment Trust Co. Ltd | 28.79% |
Air Mauritius Ltd | 27.72% |
National Investment Trust Ltd | 26.99% |
On the international front, financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average went down 1.22% whilst the NASDAQ Composite index gained 0.69% during the week. In Europe, Germany DAX, Britain’s FTSE and France CAC-40 lost 0.44%, 0.90% and 0.54% respectively during the same time frame.
