Market’s slide continues during the week
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The local stock market again lost ground during the week (23-30 March 2016). The SEMDEX and the SEMTRI went down -0.58% and -0.36% respectively at the end of the days under review.
The Total Return Index, SEMTRI, ended the session of Monday 30 May 2016 at 5,937.66 points, registering a fall of 21.37 points in one week. The All-share index, SEMDEX, closed the same session at 1,744.90 points against 1,755.06 points a week earlier. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 336.52 points. The SEM sustainability index, SEMSI, ended the same day at 97.28 points. The market capitalisation stood at Rs 197.36 billion at market close on Monday.
Total transactions during the week amounted to Rs 126.2 million, The top five traded securities were: Rockcastle Real Estate Co. Ltd (ROCK), SBM Holdings Ltd (SBMH), MCB Group Ltd (MCBG), Alteo Ltd (ALT) and Lux Island Resorts Ltd (Lux). They were exchanged for a total value of Rs 51.2 million, Rs 26.2 million, Rs 13.5 million, Rs 5.8 million and Rs 4 million respectively. The shares of ROCK, SBMH, MCB, ALT and Lux closed at USD 2.26, Rs 0.68, Rs 208.25, Rs 25.80 and Rs 56.50 on Monday 30 May 2016.
An analysis of the evolution of the prices of listed stocks indicates that out of the 62 stocks figuring on the Official List, 8 moved up during the week, 35 remained stable and 19 went down. The best performing stocks for the week were: Lottotech Ltd (+4.88%), Rogers & Co. Ltd (1.92%), POLICY Ltd (+1.75%), New Mauritius Hotels Ltd (P) (+1.33%) and MCB Group Ltd (+1.09%). The worst performers were: BlueLife Ltd (-23.08%), Sanlam Africa Core Real Estate Investments Ltd (-9.09%), ENL Land Ltd (-5.72%), ENL Land Ltd (P) (-5.71%) and United Docks Ltd (- 5%).
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 | 31.03 |
MCB Group Limited | 22.08 |
Rogers & Co. Ltd | 19.25 |
ENL Land Ltd | 19.01 |
Mauritius Oil Refineries Ltd | 18.76 |
Mauritius Union Assurance Co. Ltd | 17.69 |
Vivo Energy Mauritius Ltd | 17.63 |
The Mauritius Development Investment Trust Co. Ltd | 17.25 |
United Basalt Products Ltd | 16.6 |
Omnicane Ltd | 16.05 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 194.06 points and 247.89 points respectively. Market capitalisation stood at Rs 44.51 billion. A total volume of 461,158 shares for a total value of Rs 11.3 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, Swan Life Ltd, Phoenix Investment Company Ltd, Livestock Feed Ltd (O), Morning Light Ltd, Les Moulins de la Concorde Ltd and The Bee Equity Partners Ltd. The total return varies from 20.64% to 35.61%.
On the international front, the financial markets ended the week in a positive note. The Dow Jones Industrial Average and the NASDAQ gained 2.13% and 3.44% respectively during the week. In Europe, France CAC-40, Germany DAX and London FTSE-100 went up 3.69%, 3.73% and 1.86% respectively in one week.
