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-ASI gained 1.08% respectively at the end of the days under review (14 - 21 November 2016).
The Total Return Index, SEMTRI-ASI, registered a gain of 67.69 points in one week, closing the session of Monday 21st November 2016 at 6,363.32 points. The all-share index, SEM-ASI, ended the same session at 1,854.65 points, gaining 19.73 points in one week. The SEMDEX and the Total Return Index, SEMTRI, ended the session of Monday at 1,814.26 points and 6,286.87 points respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 345.86 points. The SEM sustainability index, SEMSI, ended the same day at 99.99 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 337.46 billion at market close on Monday.
Total transactions amounted to Rs 217.4 million during the week. The top five trading securities were: MCB Group Ltd (MCBG), Rogers & Co. Ltd (ROGE), SBM Holdings Ltd (SBMH), MCB Group Notes (MCBG Notes) and IBL Ltd (IBL). They were exchanged for a total value of Rs 101.8 million, Rs 28.5 million, Rs 23.8 million, Rs 6 million and Rs 5.9 million respectively. The shares of MCBG, ROGE, SBMH, MCBG Notes and IBL closed at Rs 214.50, Rs 26.25, Rs 6.90, Rs 1,023.32 and Rs 30.15 respectively on Monday 21st November 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 18 moved up during the week, 38 remained stable and 8 went down. The best performing stocks for the week were: Greenbay Properties Ltd (11.11%), Belle Mare Holding Ltd (+10.91%), Lottotech Ltd (5.26%), CIEL Limited (+3.30%) and Air Mauritius Ltd (+3.19%). The worst performers were: Rogers & Co. Ltd (-2.42%), Fincorp Investment Ltd (-2%), Mauritius Union Assurance Ltd (-1.98%), United Docks Ltd (-0.96%) and New Mauritius Hotels Ltd (-0.78%).
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) | 42.83 |
Rockcastle Global Real Estate Company Ltd (USD) | 28.78 |
MCB Group Limited | 21.96 |
New Frontier Properties Ltd (GBP) | 20.03 |
Rogers & Co. Ltd | 18.91 |
ENL Land Ltd | 18.73 |
Mauritius Oil Refineries Ltd | 18.69 |
Vivo Energy Mauritius Ltd | 17.86 |
Mauritius Union Assurance Co. Ltd | 17.63 |
United Basalt Products Ltd | 17.06 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 199.75 points and 259.01 points respectively. Market capitalisation stood at Rs 46.02 billion. A total volume of 1.1 million shares for a total value of Rs 33.2 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, Phoenix Investment Company Ltd, Swan Life Ltd, ABC Motors 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 18.44% to 33.70%.
On the international front, the financial markets ended the week on a mixed note. The Dow Jones Industrial Average and the NASDAQ went up 0.13% and 1.61% respectively during the week. In Europe, Germany DAX lost 0.19% in one week whilst France CAC-40 and London FTSE-100 registered a gain of 0.15% and 0.18% respectively during the same time frame.
