Market’s slide continues during the week
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The local stock market was marked by a continued downward trend during the week under review (5-12 January 2015). The SEMDEX and the SEMTRI dropped 1.03% and 1% respectively at the end of these days.
The Total Return Index, SEMTRI, lost 67.89 points during the week, closing the session of Monday 12th January 2015 at 6,715.78 points. The All-share index, SEMDEX, closed the same session at 2,048.76 points, registering a fall of 21.40 points in one week. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 379.98 points. The market capitalisation stood at Rs 227.77 billion at market close on Monday.
Total transactions during the week amounted to Rs 186 million. The top five trading securities were: MCB Group Limited (MCBG), Phoenix Beverages Ltd (PBL), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL) and Gamma-Civic Ltd (GCL). They were exchanged for a total value of Rs 85.2 million, Rs 28.7 million, Rs 10.4 million, Rs 8.7 million and Rs 8.5 million. The shares of MCBG, PBL, SBMH, NMHL and GCL closed at Rs 195.00, Rs 248.00, Rs 1.01, Rs 78.00 and Rs 41.00 on 12th January 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 50 stocks figuring on the Official List, 7 moved up during the week, 24 remained stable and 19 went down. The best performing stocks for the week were: Compagnies des Magasins Populaires Ltée (+20%), Phoenix Beverages Ltd (+7.36%), NewGold Securities (+2.74%), Lottotech Ltd (+2.37%) and Innodis Ltd (+0.89%). The worst performers were: ENL Commercial Ltd (-10%), Automatic Systems Ltd (-7.22%), Omnicane Ltd (-4.57%), Fincorp Investment Ltd (-4.38%) and Rogers (-4.23%).
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 (%) as at 12 January 2014 |
Rockcastle Global Real Estate Company Ltd | 37.11% |
CIM Financial Services Ltd | 28.66% |
MCB Group Limited | 22.90% |
ENL Land Ltd | 20.69% |
Vivo Energy Mauritius Ltd | 20.61% |
Mauritius Union Assurance Co. Ltd | 20.07% |
Rogers & Co. Ltd | 19.98% |
Mauritius Oil Refineries Ltd | 19.93% |
Gamma-Civic Ltd | 19.80% |
The Mauritius Development Investment Trust Co. Ltd | 19.63% |
The Index Management Committee met on January 6, 2015 and selected the constituents of the SEM-10 Index for the quarter starting January 7, 2015: MCB Group Ltd, SBM Holdings, New Mauritius Hotels, CIEL Limited, ENL Land, Alteo Ltd, Ireland Blyth, Terra Mauricia, LUX* Island Resorts and Rogers Co. Ltd. The Reserve List comprises: Gamma-Civic, Bramer Banking Corporation, CIM Financial Services, Omnicane and Sun Resorts.
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 203.37 points and 251.85 points respectively. Market capitalisation stood at Rs 48.06 billion. A total volume of 1.44 million shares for a total value of Rs 12.2 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, ABC Motors Ltd, Morning Light Ltd, Livestock Feed Ltd (O), Anglo Mauritius Assurance Society Ltd, United Investments Ltd, The Union Sugar Estates Ltd and Phoenix Investment Co Ltd. The total return varies from 22.21% to 41.64%.
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 0.54% and 0.48% respectively. In Europe, Germany DAX, Britain FTSE-100 and France CAC-40 went down 1.19%, 0.71% and 1.72% respectively during the same time frame.
