Market records a slight growth during the week
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The local stock market was portrayed by a slight growth of the market indices during the days under review (17-24 February 2014). The SEMDEX and the SEMTRI gained a meagre 0.2% over the week.
The main index, SEMDEX, closed the session of Monday 24th February 2014 at 2,084.52 points, gaining 4.12 points in one week. The Total Return Index, SEMTRI, ended the same session at 6,642.19 points against 6,629.05 points a week earlier. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 401.91 points. At market close on Monday, market capitalisation reached Rs 223.54 billion.
Total transactions during the week amounted to Rs 372.3 million and the top five trading securities during the week were: Rockcastle Global Real Estate Company Ltd (ROCK), The Mauritius Commercial Bank Ltd (MCB), Innodis Ltd, Lux Island Resorts Ltd and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 205.5 million, Rs 44.1 million, Rs 28.3 million, Rs 23.9 million and Rs 12 million respectively. The shares of ROCK, MCB, Innodis, Lux and NMHL closed at USD 1.33, Rs 213.00, Rs 54.00, Rs 38.50 and Rs 84.00 respectively on Monday 24th February 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 48 stocks figuring on the Official List, 18 moved up during the week, 18 remained stable and 12 went down. The best performing stocks for the week were: Gamma-Civic Ltd (+9.72%), Automatic Systems Ltd (+5.88%), Harel Mallac Ltd (+5%), National Investment Trust Ltd (+4.88%) and Terra Mauricia Ltd (+4.56%). The worst performers were: Bramer Banking Corporation Ltd (-6.41%), Air Mauritius Ltd (-5.11%), BlueLife Limited (-4.50%), Mauritius Oil Refineries Ltd (-3.51%) and Le Meritt Holdings Ltd (-2.99%).
The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.
Companies | Annualised total return (%) since listing as at 24th February 2014 |
CIM Financial Services Ltd | 37.85% |
The Mauritius Commercial Bank Ltd | 24.10% |
Vivo Energy Mauritius Ltd | 21.83% |
ENL Land Ltd | 21.34% |
Mauritius Oil Refineries Ltd | 20.42% |
Gamma-Civic Ltd | 20.35% |
The Mauritius Development Investment Trust Co. Ltd | 20.26% |
Mauritius Union Assurance Co. Ltd | 19.91% |
State Bank of Mauritius Ltd | 19.64% |
Rogers & Co. Ltd | 19.58% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 180.94 points and 218.93 points respectively. Market capitalization stood at Rs 44.6 billion. A total volume of 674,295 shares for a total value of Rs 10.2 million has been traded during the week. The ten best performers in terms of annualized total returns since their listing on the stock exchange as at Monday 24th February 2014 are: Margarine Industries Ltd, United Bus Service, Associated Commercial, ABC Motors Co. Ltd, Morning Light Ltd, The Union Sugar Estates Co. Ltd, Livestock Feed Ltd (O), United Investments Ltd, Les Moulins de la Concorde Ltée and EUDCOS. The total return varies from 22.06% to 46.27%.
On the international front, the financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average lost 0.32% whilst the NASDAQ Composite went up 0.46%. In Europe, Germany DAX lost 0.06% in one week whereas France CAC-40 and Britain’s FTSE gained 0.94% and 2.62% respectively during the same time frame.
