Market post gains during the week; DEMEX and DEMTRI reach their all-time high
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The local market posted modest gains during the week under review (28 July-4 August 2014). At the end of these days, the SEMDEX and the SEMTRI went up 0.47% whereas the DEMEX and the DEMTRI progressed by 1.28 and 1.29% respectively.
The Total Return Index, SEMTRI, was at the end of Monday 4th August 2014 at 6,792.62 points, growing by 32.11 points during the week. The All share index, SEMDEX, closed the same session at 2,099.56 points against 2,089.63 points a week earlier. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 404.57 points. At market close on Monday, market capitalisation stood Rs 230.85 billion. Net foreign investments (Purchases-Sales) reached Rs 222.16 million at market close on Monday 4th August 2014.
Total transactions amounted to Rs 197.3 million during the week. The top five trading securities were: MCB Group Limited (MCBG), New Mauritius Hotels Ltd (NMHL), State Bank of Mauritius Ltd (SBM), Sun Resorts Ltd (SUN) and Vivo Energy Mauritius Ltd. They were exchanged for a total value of Rs 45.3 million, Rs 43.6 million, Rs 28.4 million, Rs 19.7 million and Rs 9.4 million. The shares of MCBG, NMHL, SBM, SUN and Vivo closed at Rs 215.00, Rs 87.00, Rs 1.07, Rs 42.50 and Rs 136.00 on Monday 4th August 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 13 moved up during the week, 27 remained stable and 9 went down. The best performing stocks for the week were: Promotion and Development Ltd (+3.87%), Sun Resorts Ltd (+3.66%), ENL Commercial Ltd (+1.90%), Air Mauritius Ltd (+1.21%) and CIEL Ltd (+1.16%). The worst performers were: Terra Mauricia Ltd (1.35%), Mauritius Oil Refineries Ltd (-1.27%), Omnicane Ltd (-1.12%), POLICY Ltd (-0.78%) and MDIT Ltd (-0.33%).
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 4th August 2014 |
Gamma-Civic Ltd | 40.65% |
Lux Island Resorts Ltd | 22.28% |
National Investment Trust Ltd | 17.10% |
Promotion and Development Ltd | 15.78% |
Harel Mallac Ltd | 14.44% |
Mauritius Union Assurance Co. Ltd | 11.80% |
Innodis Ltd | 11.53% |
Belle Mare Holding Ltd | 8.51% |
Mauritius Chemical & Fertilizer Industry Ltd | 8.33% |
Air Mauritius Ltd | 7.62% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at their all-time high level of 190.03 points and 233.09 points respectively. Market capitalisation stood at Rs 47.11 billion. A total volume of 720,290 shares for a total value of Rs 19.56 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Alma Investments Ltd, Medine Share Holding Ltd (O), Mauritius Freeport Development Co. Ltd, Ciel Textile Ltd, Black River Investment Co. Ltd, Livestock Feed Ltd (O), Tropical Paradise Co Ltd (O), Anglo Mauritius Assurance Society Ltd, EUDCOS and Associated Commercial Ltd. The total return varies from 4.97% to 105.42%.
On the international front, the financial markets ended the week on a negative note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite lost 2.75% and 2.18% respectively. In Europe, France CAC-40, Britain FTSE-100 and Germany DAX went down 2.95%, 1.65% and 4.50% respectively during the same time frame.
