Market slides during the week
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The local stock market slid during the week (25 August-1 September 2014). The SEMDEX and the SEMTRI went down -0.25% and -0.17% respectively at the end of the days under review. However, on the DEM, the DEMEX and the DEMTRI closed at their all-time high.
The Total Return Index, SEMTRI, lost 11.66 points during the week, closing the session of Monday 1st September 2014 at 6,831.95 points. The All share index, SEMDEX, ended the same session at 2,109.11 points against 2,114.30 points a week earlier. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 400.88 points. The market capitalisation, stood at Rs 231.91 billion at market close on Monday.
Total transactions during the days under review amounted to Rs 211.7 million. The top five trading securities were: MCB Group Limited (MCBG), State Bank of Mauritius Ltd (SBM), New Mauritius Hotels Ltd (NMHL), Rogers & Co. Ltd (ROGE) and Mauritius Commercial Bank Bonds (MCB Notes). They were exchanged for a total value of Rs 64.7 million, Rs 35.9 million, Rs 16.9 million, Rs 9.7 million and Rs 7.3 million. The shares of MCBG, SBM, NMHL, ROGE and MCB Notes closed at Rs 208.75, Rs 1.06, Rs 86.75, Rs 202.00 and Rs 1,053.07 on Monday 1st September 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 20 moved up during the week, 17 remained stable and 12 went down. The best performing stocks for the week were: Rockcastle Real Estate Co. Ltd (+7.22%), Automatic Systems Ltd (6.67%), Caudan Development Ltd (+2.54%), ENL Ltd (P) (+2.25%) and Belle Mare Holding Ltd (+1.96%). The worst performers were: Gamma-Civic Ltd (-2.10%), United Basalt Products Ltd (-2.03%), Sanlam Africa Core Real Estate Investments Ltd (-1.72%), New Mauritius Hotels Ltd (-1.42%) and Terra Mauricia Ltd (-1.35%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2014.
Companies | Total Return (%) since beginning of 2014 as at 1st September 2014 |
Rockcastle Global Real Estate Company Ltd | 55.56% |
Gamma-Civic Ltd | 44.79% |
Fincorp Investment Ltd | 30.47% |
LUX Island Resorts Ltd | 28.72% |
Promotion and Development Ltd | 26.25% |
Mauritius Union Assurance Co. Ltd | 24.13% |
National Investment Trust Ltd | 15.93% |
Air Mauritius Ltd | 14.06% |
Innodis Ltd | 13.49% |
Harel Mallac Ltd | 13.25% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at their all-time high level of 201.17 points and 246.75 points respectively. Since the beginning of 2014, the DEMEX and the DEMTRI has grown by 15.8% and 17.5% respectively. Market capitalisation stood at Rs 49.87 billion. A total volume of 11.12 million shares for a total value of Rs 201.42 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Alma Investments Ltd, Mauritius Freeport Development Co. Ltd, Medine Share Holding Ltd (O), Black River Investment Co. Ltd, Ciel Textile Ltd, Medine Limited, Hotelest Ltd, Livestock Feed Ltd (O), Tropical Paradise Co Ltd (O) and Ascencia Ltd. The total return varies from 12.03% to 146.51%.
On the international front, financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite went up 0.57% and 0.92% respectively. In Europe, France CAC-40, Britain FTSE-100 and Germany DAX gained 3.02%, 0.66% and 1.40% respectively during the same time frame.
