Market records heavy trading during the week

The Mauritian stock market experienced high level of activity during the week under review (4-11 May 2015). A total volume of 647.7 million shares, amounting to nearly Rs 1.6 billion, were exchanged on the Official market.

The top five traded securities during the week were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), LUX* Island Resorts Ltd (Lux), SBM Holdings Class A 1 Series Bond (SBMH Bond) and CIEL Limited (CIEL). They were exchanged for a totalvalue of Rs 723.5 million, Rs 584.3 million, Rs 92.4 million, Rs 40.4 million and Rs 33.5 million. The shares of MCBG, SBMH, Lux, SBMH Bond and CIEL closed at Rs 203.00, Re 0.93, Rs 58.75, Rs 10,105.54 and Rs 6.90 on Monday11^th May 2015.

The Total Return Index, SEMTRI, closed the session of Monday 11^th May 2015 at 6,402.29 points, losing 9.95 points during the week. The All-share index, SEMDEX, ended the same session at 1,946.11 points against 1,950.99 points last Monday. The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at369.39 points. The market capitalisation stood Rs 216.36 billion at market close on Monday.

An analysis of the evolution of the prices of listed stocks indicates that out of the 52 stocks figuring on the Official List, 13 moved up during the week, 24 remained stable and 15 went down. The best performing stocks for the week were: Mauritius Union Assurance Co. Ltd (+8.11%), Caudan Development Ltd (+4.48%), Swan General Ltd (+4.35%), POLICY Ltd (+2.05%) and Sun Resorts Ltd (+1.54%). The worst performers were: Go Life International PCC (-25%), Air Mauritius Ltd (-20.29%),Terra Mauricia Ltd (-6.43%),Compagnie des Magasins Populaires Ltée (-5%) and Innodis Ltd (-3.77%).

The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.

On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 201.50 points and 249.99 points respectively. Market capitalisation stood at Rs 47.83 billion. A total volume of 1.4 million shares for a total value of Rs 42.6 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, ABC Motors Ltd, Morning Light Ltd, Livestock Feed Ltd (O), Phoenix Investment Ltd, Swan Life Ltd, United Investment Ltd and The Union Sugar Estates Ltd. The total return varies from 21.93% to 39.82%.

On the international front, the Dow Jones Industrial Average went up 0.93% whilst the NASDAQ lost 0.04% during the week. In Europe, Britain FTSE-100, Germany DAX and France CAC-40 gained 0.87%, 2.23%, and 0.87% respectively in one week.