Market slides during the week
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The local stock market ended down the week under review (14-21 December 2015). The Semtri and the Semdex slid by 0.17% and 0.27% respectively.
The Total Return Index, SEMTRI, closed the session of Monday 21 December 2015 at 6,079.18 points, losing 10.25 points in one week. The All-share index, SEMDEX closed the same session at 1,805.07 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 345.44 points. The SEM sustainability index, SEMSI, ended the same day at 97.04 points. The market capitalisation stood at Rs 201.02 billion at market close on Monday.
Total transactions amounted to Rs 198.5 million during the week. The top traded companies were: MCB Group Ltd (MCBG), New Mauritius Hotels Ltd (NMHL), SBM Holdings Ltd (SBMH), Sun Limited (SUN) and CIEL Limited (CIEL). They were exchanged for a total value of Rs 69.7 million, Rs 68.4 million, Rs 39.2 million, Rs 4.2 million and Rs 3.5 million. The shares of MCBG, NMHL, SBMH, SUN and CIEL closed at Rs 208.00, Rs 17.40, Rs 0.71, Rs 34.00 and Rs 6.50 on Monday 21st December 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 56 stocks figuring on the Official List, 15 moved up during the week, 31 remained stable and 10 went down. The best performing stocks for the week were: LUX* Island Resorts Ltd (+5.91%), POLICY Ltd (+4.11%), Omnicane Ltd (+2.99%), BlueLife Ltd (+2.78%) and CIM Financial Services Ltd (+2.67%). The worst performers were: Lottotech Ltd (-6.30%), Mauritian Eagle Insurance Ltd (-6.25%), New Mauritius Hotel Ltd (P) (-3.67%), MCFI Ltd (-3.50%) and SBM Holdings Ltd (-2.74%).
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 | 36.61 |
MCB Group Limited | 22.48 |
ENL Land Ltd | 19.78 |
Rogers & Co. Ltd | 19.75 |
Mauritius Oil Refineries Ltd | 18.89 |
Mauritius Union Assurance Co. Ltd | 18.35 |
Vivo Energy Mauritius Ltd | 18.25 |
The Mauritius Development Investment Trust Co. Ltd | 18.12 |
Swan General Ltd | 17.63 |
P. O. L. I. C. Y Ltd | 16.74 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 197.79 points and 249.09 points respectively. Market capitalisation stood at Rs 49.18 billion. A total volume of 590,530 shares for a total value of Rs 25.7 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, Associated Commercial Ltd, United Bus Service Ltd, ABC Motors Ltd, Phoenix Investment Company Ltd, Swan Life Ltd, Livestock Feed Ltd (O), Morning Light Ltd, United Investments Ltd and Les Moulins de la Concorde Ltée (O). The total return varies from 19.12% to 37.02%.
On the international front, the financial markets ended the week on a mixed note. The Dow Jones Industrial Average and the NASDAQ went down 0.79% and 0.21% respectively in one week. In Europe, Germany DAX, London FTSE-100 and France CAC-40 registered a gain of 2.59%, 1.67% and 1.66% respectively during the same time frame.
