Market witnesses heavy trading during the week
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The local stock market was characterized by heavy trading during the week under review (21-28 July 2014).The SEMDEX and the SEMTRI rose 0.66% at the end of these days.
Some 61 million shares were exchanged for a total value of Rs 279.7 million and the top five trading securities were: State Bank of Mauritius Ltd (SBM), New Mauritius Hotels Ltd (NMHL), MCB Group Limited (MCBG), Lux Island Resorts Ltd and CIEL Limited (CIEL). They were exchanged for a total value of Rs 53.9 million, Rs 44.8 million, Rs 38.5 million, Rs 27.8 million and Rs 24.6 million. The shares of SBM, NMHL, MCBG, Lux and CIEL closed at Rs 1.06, Rs 87.25, Rs 213, Rs 47.00 and Rs 6.90 on Monday 28th July 2014.
The All share index, SEMDEX, closed the session of Monday 28th July 2014 at 2,089.63 points, registering a gain of 13.77 points in one week. The Total Return Index, SEMTRI, closed the same session at 6,760.51 points against 6,715.97. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 402.48 points. At market close on Monday, market capitalisation stood Rs 229.8 billion. Net foreign investments (Purchases-Sales) stood at Rs 180 million at market close on Monday 28th July 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 14 moved up during the week, 24 remained stable and 11 went down. The best performing stocks for the week were: Dale Capital Group Ltd (+16.67%), Bramer Banking Corporation Ltd (+3.26%), NewGold Securities (+2.89%), Vivo Energy Mauritius Ltd (+2.84%) and Innodis Ltd (+2.73%). The worst performers were: Go Life International PCC (-20%), Compagnie des Magasins Populaires Ltée (-5.56%), Promotion and Development Ltd (-2.69%), CIM Financial Services Ltd (-1.84%) and POLICY Ltd (-1.53%).
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 28th July 2014 |
Gamma-Civic Ltd | 40.65% |
Lux Island Resorts Ltd | 21.00% |
National Investment Trust Ltd | 17.10% |
Harel Mallac Ltd | 14.20% |
Mauritius Union Assurance Co. Ltd | 11.80% |
Promotion and Development Ltd | 11.47% |
Innodis Ltd | 10.55% |
Belle Mare Holding Ltd | 8.51% |
Mauritius Chemical & Fertilizer Industry Ltd | 8.33% |
Phoenix Beverages Ltd | 7.31% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 189.42 points and 232.34 points respectively. Market capitalisation stood at Rs 46.96 billion. A total volume of 886,543 shares for a total value of Rs 30.79 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, Medine Share Holding Ltd (O), Mauritius Freeport Development Co. Ltd, Black River Investment Co. Ltd, Ciel Textile Ltd, Livestock Feed Ltd (O), Tropical Paradise Co Ltd (O), Anglo Mauritius Assurance Society Ltd, Associated Commercial Ltd and Mauritius Secondary Industries Ltd. The total return varies from 4.86% to 105.42%.
On the international front, the financial markets ended the week on a mixed note. For the week, the Dow Jones Industrial Average went down 0.82% whilst the NASDAQ Composite gained 0.39%. In Europe, France CAC-40 and Germany DAX lost 0.11% and 0.78% respectively in one week whereas Britain FTSE-100 registered a growth of 0.62% during the same time frame.
