Market slides during the week
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The local stock market was characterized by a fall in indices during the week under review (7-14 September 2015). The SEMDEX and the SEMTRI went down -0.76% at the end of the days under review.
The Total Return Index, SEMTRI, lost 49.23 points in one week, closing the session of Monday 14th September 2015 at 6,426.26 points. The All-share index, SEMDEX, closed the same session at 1,925.70 points, registering a fall of 14.75 points during the days in review. The SEM-10 index, which comprises the ten largest and most liquid stocks, ended at 366.43 points. The SEM sustainability index, SEMSI, ended its first week on a slight fall, at 99.72 points. The market capitalisation stood at Rs 214.45 billion at market close on Monday.
Total transactions amounted to Rs 282.6 million during the week. The top traded companies were: MCB Group Ltd (MCBG), New Mauritius Hotels Ltd (NMHL), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL) and CIM Financial Services Ltd (CIM). They were exchanged for a total value of Rs 125.3 million, Rs 62.6 million, Rs 34.7 million, Rs 14.5 million and Rs 9.7 million. The shares of MCBG, NMHL, SBMH, CIEL and CIM closed at Rs 209.75, Rs 18.30, Re 0.85, Rs 6.76 and Rs 8.36 on Monday 14th September 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 53 stocks figuring on the Official List, 8 moved up during the week, 26 remained stable and 19 went down. The best performing stocks for the week were: Caudan Development Ltd (+5.65%), United Docks Ltd (+5.22%), Air Mauritius Ltd (+3.81%), BlueLife Limited (+2.37%) and National Investment Trust Ltd (+1.06%). The worst performers were: Belle Mare Holding Ltd (-4.35%), Rockcastle Real Estate Co. Ltd (-3.13%), ENL Land Ltd (-3.03%), Fincorp Investment Ltd (-2.56%) and United Basalt Products Ltd (-2.50%).
The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.
Companies | Annualised Return Since Listing (%) |
Rockcastle Global Real Estate Company Ltd | 36.42% |
MCB Group Limited | 22.68% |
Rogers & Co. Ltd | 20.29% |
ENL Land Ltd | 20.16% |
Mauritius Oil Refineries Ltd | 19.24% |
Mauritius Union Assurance Co. Ltd | 19.24% |
Vivo Energy Mauritius Ltd | 19.17% |
The Mauritius Development Investment Trust Co. Ltd | 18.83% |
CIM Financial Services Ltd | 18.75% |
Swan General Ltd | 18.32% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 206.32 points and 259.09 points respectively. Market capitalisation stood at Rs 49.03 billion. A total volume of 378,634 shares for a total value of Rs 14.70 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, Swan Life Ltd, Phoenix Investment Company Ltd, ABC Motors Ltd, Morning Light Ltd, Livestock Feed Ltd (O), United Investment Ltd and The Union Sugar Estates Ltd. The total return varies from 21.02% to 38.30%.
On the international front, the financial markets ended on a positive note. The Dow Jones Industrial Average and the NASDAQ went up 2.05% and 2.96% respectively during the week. In Europe, Britain FTSE-100, Germany DAX and France CAC-40 gained 1.24%, 0.85% and 0.57% respectively during the same time frame.
