Market registers gains
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The local stock market registered modest gains during the week under review (15-22 July 2013). The SEMDEX and the SEMTRI slightly moved up (+0.31%) at the end of these days.
The total return index, SEMTRI, ended the session of Monday 22nd July 2013 at 5,845.79 points against 5,827.80 points a week earlier. The All-share index, SEMDEX, closed Monday’s session at 1,865.12 points. The SEMTRI and the SEMDEX have registered a growth of 8.98% and 7.68% respectively on a year-to-date basis. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 364.66 points. At market close on Monday, market capitalisation reached Rs 189.50 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 859.16 million.
Total turnover for the week amounted to Rs 102.8 million. The top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), Sun Resorts Ltd (SRL), State Bank of Mauritius Ltd (SBM), Innodis and Lux Island Resorts Ltd (LUX). They were exchanged for a total value of Rs 17.5 million, Rs 17.2 million, Rs 15.1 million, Rs 14.6 million and Rs 7 million, respectively, during this time frame. The shares of MCB, SRL, SBM, Innodis and Lux closed at Rs 186.50, Rs 29.50, Rs 1.02, Rs 47.80 and Rs 21.80, respectively, on 22nd July 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 8 moved up during the week, 22 remained stable and 14 went down. The best performing stocks for the week were: Compagnie des Magasins Populaires Ltée (+15%), POLICY Ltd (+5.76%), Sun Resorts (+4.98%),Mauritius Commercial Bank Ltd (+2.75%) and Caudan Development (+0.94%). The worst performers were:Go Life International PCC (-20%), Promotion and Development Ltd (-5%), Bramer Banking Corporation (-2.99%), Ireland Blyth (-2.33%) and Harel Mallac Ltd (-1.71).
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 |
Automatic Systems Ltd | 41.67% |
Air Mauritius Ltd | 36.14% |
Lux Island Resorts Ltd | 34.57% |
P. O. L. I. C. Y Ltd | 33.18% |
Mauritian Eagle Insurance Co. Ltd | 28.10% |
Promotion and Development Ltd | 23.13% |
The Mauritius Development Investment Trust Co. Ltd | 22.55% |
Rogers & Co. Ltd | 22.03% |
CIM Financial Services Ltd | 20.14% |
New Mauritius Hotels Ltd | 15.03% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, finished at 152.19 points and 182.16 points respectively. Market capitalization stood at Rs 47.40 billion. A total volume of 37.3 million of shares for a total value of Rs 1.4 billion 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, Deep River Investment Ltd (O), Tropical Paradise Ltd (O), Les Moulins de la Concorde Ltée (O), RHT Holding Ltd, The Union Sugar Estates Ltd Co Ltd, United Bus Service Ltd, Constance La Gaieté Company Ltd, Medical & Surgical Centre Ltd and ENL Investment Ltd. The total return varies from 14.81% to 35.96%.
On the international front, financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average went up 0.51% and the NASDAQ Composite index shed 0.35%. In Europe, France CAC 40, Germany DAX and Britain’s FTSE gained 1.82%, 1.45% and 1.31%, respectively, during the week.
