Market’s slide continues during the week
Share
The local stock market ended in negative territory the week under review (20-27 October 2014). The SEMDEX and the SEMTRI dropped 0.33% at the end of these days.
The Total Return Index, SEMTRI, lost 23.17 points during the week, closing the session of Monday 27th October 2014 at 6,916.50 points. The All share index, SEMDEX, ended the same session at 2,129.87 points against 2,137.01 points last Monday. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 402.10 points. The market capitalisation stood Rs 233.83 billion at market close on Monday.
Total transactions during the week amounted to Rs 219.5 million. The top five trading securities were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), Mauritian Eagle Insurance Co. Limited (MEI), New Mauritius Hotels Ltd (NMHL) and Ireland Blyth Ltd (IBL). They were exchanged for a total value of Rs 93 million, Rs 17.9 million, Rs 12.8 million, Rs 12.5 million and Rs 8.9 million. The shares of MCBG, SBMH, MEI, NMHL and IBL closed at Rs 209, Rs 1.04, Rs 116, Rs 88 and Rs 115 on Monday 27th October 2014.
An analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 7 moved up during the week, 29 remained stable and 13 went down. The best performing stocks for the week were: ENL Commercial Ltd (+1.10%), Sun Resorts Ltd (+0.99%), Phoenix Beverages Ltd (+0.94%), New Mauritius Hotels Ltd (+0.57%) and Lottotech Ltd (+0.44%). The worst performers were: Rogers & Co. Ltd (-2.31%), Belle Mare Holding (-1.67%), Air Mauritius Ltd (-1.41%), Fincorp Investment Ltd (-1.38%) and Omnicane Ltd (-1.16%).
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 27th October 2014 |
Rockcastle Global Real Estate Company Ltd | 51.58% |
LUX* Island Resorts Ltd | 46.74% |
Gamma-Civic Ltd | 41.98% |
Rogers & Co. Ltd | 30.85% |
Belle Mare Holding Ltd | 28.88% |
National Investment Trust Ltd | 24.16% |
Mauritius Union Assurance Co. Ltd | 23.31% |
Promotion and Development Ltd | 23.17% |
Fincorp Investment Ltd | 18.86% |
Mauritius Chemical & Fertilizer Industry Ltd | 16.67% |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, ended at 202.97 points and 249.01 points respectively. Market capitalisation stood at Rs 44.83 billion. A total volume of 2.1 million shares for a total value of Rs 23.4 million has been traded during the week. The ten best performers in terms of total return since the beginning of 2014 are: Mauritius Freeport Development Co. Ltd, Ciel Textile Ltd, Anglo Mauritius Assurance Society Ltd, Livestock Feed Ltd, Ascencia Ltd, Phoenix Investment Company Ltd, Bychemex Ltd, Medical & Surgical Centre Ltd, Hotelest Ltd and SODIA Ltd. The total return varies from 11.76% to 70.71%.
On the international front, the financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite rose 2.59% and 5.29% respectively. In Europe, France CAC-40, Germany DAX and Britain FTSE-100 gained 2.37%, 1.55% and 1.24% during the same time frame.
