Market slid slightly
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The local stock market was marked by a slight fall of market indices during the week under review (17 -24 June 2013). The SEMDEX and the SEMTRI slid 0.18% and 0.17%, respectively, during these days.
The total return index, SEMTRI, closed the session of Monday 24 June 2013 at 5,980.94 points, losing 0.17% over the week. The SEMTRI has registered a growth of 11.50% since the start of 2013. The All-share index, SEMDEX, closed the same session at 1,922.44 points and has grown by 10.99% on a year-to-date basis. The SEM-7 index, which comprises the seven largest and most liquid stocks, ended at 377.21 points. At market close on Monday, market capitalisation reached Rs 195.33 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 770.90 million.
Turnover for the week totalled Rs 144 million. The top five traded securities for the week were: Mauritius Commercial Bank Ltd (MCB), New Mauritius Hotels Ltd (NMHL), State Bank of Mauritius Ltd (SBM), Rogers & Co. Ltd (ROGE) and Alteo Ltd. They were exchanged for a total value of Rs 62.4 million, Rs 20.9 million, Rs 11 million, Rs 8.3 million and Rs 5.7 million, respectively, during this time frame. The shares of MCB, NMHL, SBM, ROGE and Alteo closed at Rs 188, Rs 71, Rs 1.04, Rs 175 and Rs 36, respectively, on 24 June 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 15 moved up during the week, 16 remained stable and 13 went down. The best performing stocks for the week were: ENL Commercial Ltd (+9.77%), Automatic Systems Ltd (+6.67%), ENL Land Ltd (P) (+3.30%), POLICY Ltd (+2.80%) and MDIT Ltd (+3.27%). The worst performers were: Lux Island Resorts Ltd (-5.15%), Vivo Energy Mauritius Ltd (-3.61%), Rogers & Co. Ltd (-2.91%), Le Meritt Holdings Ltd (-2.91%) and National Investment Trust Ltd (-2.83%).
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 |
Lux Island Resorts Ltd | 41.98 |
P. O. L. I. C. Y Ltd | 40.86 |
Air Mauritius Ltd | 34.65 |
Automatic Systems Ltd | 33.33 |
Promotion and Development Ltd | 32.81 |
Mauritian Eagle Insurance Co. Ltd | 28.10 |
New Mauritius Hotels Ltd | 25.64 |
Omnicane Ltd | 18.86 |
ENL Land Ltd | 18.25 |
The Mauritius Development Investment Trust Ltd | 18.18 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 152.78 points and 180.97 points, respectively. Market capitalization stood at Rs 46.47 billion. A total volume of 3.35 million of shares for a total value of Rs 20.27 million 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, Les Moulins de la Concorde Ltée (O), Tropical Paradise Ltd (O), Deep River Investment Ltd (O), RHT Holding Ltd, The Union Sugar Estates Ltd Co Ltd, United Bus Service Ltd, ENL Investment Ltd, Les Gaz Industriels Ltd (O) and Livestock Feed Ltd (O). The total return varies from 13.31% to 38.78%.
On the international front, financial markets ended the week on a negative note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite index lost 1.80% and 1.94%, respectively. In Europe, France CAC 40, Britain’s FTSE and Germany DAX went down 3.87%, 3.05% and 4.17% respectively in one week.
