Market posts gains during the week
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The local stock market ended on a positive note the week under review (22-29 April 2013). The SEMDEX and the SEMTRI went slightly up by 0.12% at the end of Monday’s session with a weekly market turnover amounting to Rs 82.6 million.
The All-share index, SEMDEX, closed at 1,907.52 points on Monday 29 April 2013, registering a growth of 10.13% since the start of 2013. The total return index, SEMTRI, closed the session of Monday at 5,921.54 points against 5,914.21 points, last week. On a year to date basis, the SEMTRI has grown by 10.39%.
The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 378.91 points. At market close on Monday, market capitalisation reached Rs 193.81 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 624.2 million.
Total transactions amounted to Rs 149.7 million in one week. The top five traded securities for the week were: Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Alteo Ltd, New Mauritius Hotels Ltd (NHML) and Lux Island Resorts Ltd. They were exchanged for a total value of Rs 26.6 million, Rs 15.9 million, Rs 10.3 million, Rs 10.2 million and Rs 3.3 million, respectively, during this time frame. The shares of MCB, SBM, Alteo, NMHL and Lux closed at Rs 189.50, Rs 1.02, Rs 37, Rs 72 and Rs 18.20, respectively, on 29 April 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: ENL Commercial Ltd (+6.05%), Rockcastle Global Real Estate Company Limited (+3.85%), Air Mauritius Ltd (+3.65%), The Mauritius Development Investment Trust Co. Ltd (+2.72%) and Mauritius Union Assurance Co. Ltd (+163%). The worst performers were: Dale Capital Group Ltd (-18.92%), National Investment Trust Ltd (-4.08%), State Bank of Mauritius Ltd (-1.92%), Bramer Banking Corporation Ltd (-1.89%) and ENL Land Ltd (-1.26%).
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 | 27.78% |
New Mauritius Hotels Ltd | 27.41% |
P. O. L. I. C. Y Ltd | 24.17% |
ENL Land Ltd | 20.82% |
Rogers & Co. Ltd | 20.47% |
Promotion and Development Ltd | 18.41% |
The Mauritius Development Investment Trust Co. Ltd | 15.55% |
Mauritian Eagle Insurance Co. Ltd | 15.29% |
Alteo Ltd | 15.27% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 149.78 points and 176.88 points, respectively. Market capitalization stood at Rs 44.69 billion. A total volume of 1.21 million of shares for a total value of Rs 22.84 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, Tropical Paradise Ltd (O), RHT Holding Ltd, United Bus Service Ltd, Les Moulins de la Concorde Ltée (O), The Union Sugar Estates Ltd Co Ltd, ENL Investment Ltd, Livestock Feed Ltd (O), COVIFRA Ltée and Les Gaz Industriels Ltd. The total return varies from 9.76% to 40%.
On the international front, financial markets ended the week in positive territory. For the week, the Dow Jones Industrial Average and the NASDAQ Composite index gained 1.13% and 2.28%, respectively. In Europe, Germany’s DAX, France CAC 40 and Britain’s FTSE went up 4.76%, 4.33% and 2.22%, respectively, in one week.
