Market posts gains during the week
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The local stock market posted gains during the week. The SEM-ASI and the SEMTRI lost 0.53% and 0.9% respectively at the end of the days under review (19 - 26 September 2016).
The all-share index, SEM-ASI, ended the session of Monday 26th September 2016 at 1,825.45 points, gaining 9.54 points during the week. The SEMDEX closed the same session at 1,810.36 points. The Total Return Index, SEMTRI, closed the session of Monday at 6,235.29 points, registering a gain of 55.78 points in one week. The SEM-10 Index, which comprises the ten largest and most liquidstocks, closed at 346.13 points. The SEM sustainability index, SEMSI, ended the same day at 100.45 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 325.48 billion at market close on Monday.
Total transactions amounted to Rs 154.2 million during the week. The top five trading securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), CIM Financial Services Ltd (CIM), New Mauritius Hotels Ltd (NMHL) and CIEL Limited (CIEL). They were exchanged for a total value of Rs 57.4 million, Rs 23.4 million, Rs 14.2 million, Rs 11.7 million and Rs 9.9 million respectively. The shares of MCBG, SMBM, CIM, NMHL and CIEL closed at Rs 213.25, Rs 0.69, Rs 7.00, Rs 20.15 and Rs 6.06 on Monday 26th September 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 12 moved up during the week, 43 remained stable and 9 went down. The best performing stocks for the week were:SBM Holdings Ltd (+2.99%), MCB Group Ltd (+2.52%), Vivo Energy MauritiusLtd (+2.33%), Mauritius Oil Refineries Ltd (+1.73%) and Promotion and Development Ltd (+1.55%). The worst performers were: Belle Mare Holding Ltd (-1.95%), Gamma-Civic Ltd (-1.52%), Omnicane Ltd (-1.17%), Alteo Ltd (-1.06%) and Rogers & Co. Ltd (-0.88%).
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) | 32.33 |
Rockcastle Global Real Estate Company Ltd (USD) | 29.51 |
New Frontier Properties Ltd (GBP) | 22.32 |
MCB Group Limited | 21.98 |
Rogers & Co. Ltd | 19.37 |
ENL Land Ltd | 19.00 |
Mauritius Oil Refineries Ltd | 18.57 |
Vivo Energy Mauritius Ltd | 18.27 |
Mauritius Union Assurance Co. Ltd | 17.85 |
The Mauritius Development Investment Trust Co. Ltd | 17.08 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 198.44 points and 256.64 points respectively. Market capitalisation stood at Rs 45.72 billion. A total volume of 8.5 million shares for a total value of Rs 105.1 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 19.19% to 34.29%.
On the international front, the financial markets ended the week on a positive note. The Dow Jones Industrial Average and the NASDAQ registered a gain of 0.76% and 1.17% respectively during the week. In Europe, France CAC-40, Germany DAX and London FTSE-100 went up 3.61%, 3.41% and 2.97% during the same time frame.
