Market slides during the week
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The local stock market slid during the week (8-15 December 2014). The SEMDEX and the SEMTRI went down -0.85% at the end of the days under review.
The Total Return Index, SEMTRI, lost 58.13 points during the week, closing the session of Monday 15 December 2014 at 6,797.89 points. The All share index, SEMDEX, closed the same session at 2,079.55 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 389.57 points against 394.21 points last week. The market capitalisation stood at Rs 228.72 billion at market close on Monday.
Total transactions during the week amounted to Rs 162.7 million. The top five trading securities were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL), LUX* Island Resorts Ltd and Sanlam Africa Core Real Estate Investments Ltd (SARE). They were exchanged for a total value of Rs 59.1 million, Rs 33.8 million, Rs 30.4 million, Rs 6.5 million and Rs 5.3 million. The shares of MCBG, SBMH, CIEL, LUX* and SARE closed at Rs 198.50, Rs 1.02, Rs 7.50, Rs 61.00 and USD 5.66 on 15th December 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 50 stocks figuring on the Official List, 8 moved up during the week, 27 remained stable and 15 went down. The best performing stocks for the week were: Sanlam Africa Fund Ltd (+2.91%), Phoenix Beverages Ltd (+2.61%), Caudan Development Ltd (+0.80%), Alteo Ltd (+0.73%) and United Basalt Products Ltd (+0.64%). The worst performers were: Mauritian Eagle Insurance Co. Ltd (-5%), Bramer Banking Corporation Ltd (-4.55%), Gamma-Civic Ltd (-3.74%), Lottotech Ltd (-2.68%) and New Mauritius Hotels Ltd (-2.30%).
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 15th December 2014 |
LUX* Island Resorts Ltd | 57.04 |
Rockcastle Global Real Estate Company Ltd | 52.49 |
Rogers & Co. Ltd | 36.52 |
Gamma-Civic Ltd | 33.11 |
Belle Mare Holding Ltd | 24.26 |
Phoenix Beverages Ltd | 23.29 |
Promotion and Development Ltd | 22.55 |
National Investment Trust Ltd | 22.35 |
Fincorp Investment Ltd | 19.14 |
Mauritius Union Assurance Co. Ltd | 14.45 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 200.36 points and 246.26 points respectively. Market capitalisation stood at Rs 47.35 billion. A total volume of 304,545 shares for a total value of Rs 7.9 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Mauritius Freeport Development Co. Ltd, Ciel Textile Ltd, Phoenix Investment Company Ltd, Anglo Mauritius Assurance Society Ltd, SODIA Ltd, Livestock Feed Ltd, Vital Water Bottling Co Ltd, Ascencia Ltd, Bychemex and Mauritius Secondary Industries Ltd. The total return varies from 11.62% to 70.71%.
On the international front, the financial markets ended the week on a negative note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite lost 3.78% and 2.66% respectively. In Europe, Germany DAX, Britain FTSE-100 and France CAC-40 went down 4.88%, 6.56% and 7.03% during the same time frame.
