Market’s slide continues during the week
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The local stock market continued its downward trend during the week under review (9-16 March 2015). The SEMDEX and the SEMTRI went down -1.26% at the end of the days under review.
The Total Return Index, SEMTRI, closed the session of Monday 16th March 2015 at 6,469.99 points, losing 82.65 points in one week. The All share index, SEMDEX, ended the same session at 1,971.52 points (-25.18 points during the days under review). The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 372.52 points. The market capitalisation stood Rs 219.19 billion at market close on Monday.
Total transactions amounted to Rs 165.8 million during the week. The top five traded securities during the week were: CIM Financial Services Ltd (CIM), MCB Group Limited (MCBG), CIEL Limited (CIEL), New Mauritius Hotels Ltd (NMHL) and SBM Holdings Ltd (SBMH). They were exchanged for a total value of Rs 40.3 million, Rs 33.3 million, Rs 18 million, Rs 15.8 million and Rs 10.2 million. The shares of CIM, MCBG, CIEL, NMHL and SBMH closed at Rs 9.70, Rs 197.50, Rs 6.90, Rs 61.25 and Re 0.98 on 16th March 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 51 stocks figuring on the Official List, 6 moved up during the week, 24 remained stable and 21 went down. The best performing stocks for the week were: Rockcastle Global Real Estate Co. Ltd (+3.85%), Lottotech Ltd (+2.99%), CIEL Ltd (+1.77%), POLICY Ltd (+1.67%) and Ireland Blyth Ltd (+0.89%). The worst performers were: Bramer Banking Corporation Ltd (-18.92%), BlueLife Ltd (-5.26%), Air Mauritius Ltd (-5.13%), Automatic Systems Ltd (-2.67%) and Harel Mallac Ltd (-2.28%).
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 | 57.17 |
CIM Financial Services Ltd | 30.37 |
MCB Group Limited | 22.79 |
ENL Land Ltd | 20.73 |
Rogers & Co. Ltd | 20.66 |
Vivo Energy Mauritius Ltd | 20.45 |
Mauritius Union Assurance Co. Ltd | 19.96 |
Mauritius Oil Refineries Ltd | 19.64 |
The Mauritius Development Investment Trust Co. Ltd | 19.28 |
Gamma-Civic Ltd | 19.02 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, finished at 199.64 points and 247.24 points respectively. Market capitalisation stood at Rs 47.18 billion. A total volume of 2.52 million shares for a total value of Rs 40.48 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), Phoenix Investment Ltd, Anglo Mauritius Assurance Society Ltd, United Investment Ltd and The Union Sugar Estates Ltd. The total return varies from 22.37% to 40.65%.
On the international front, financial markets ended the week on a mixed note. The Dow Jones Industrial Average and the NASDAQ lost 0.60% and 1.13% respectively during the week. In Europe, Germany DAX and France CAC-40 gained 3.04% and 0.93% respectively whilst Britain FTSE-100 went down 2.48% during the same time frame.
