The SEM wins the “Most Innovative African Stock Exchange of the year Award”
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The Stock Exchange of Mauritius secures the Award for the “Most Innovative African Stock Exchange” for 2015 and joins the UN Sustainable Stock Exchanges (SSE).
The Stock Exchange of Mauritius (SEM) has won for the third time in five years, the "Most Innovative African Stock Exchange of the year Award" at the Institutional Investment Capital Market Awards 2015 organized by Africa investor (Ai), a leading international research and communication group. The Award was presented to the SEM at Thomson Reuters in New York on 25th September 2015. Furthermore, after launching the SEM Sustainability Index (SEMSI) earlier this month, the SEM has joined the United Nation’s (UN) Sustainable Stock Exchanges initiative (SSE) as a Partner Exchange.
For the week, the local market was marked by a slight fall in the indices. The Total Return Index, SEMTRI, closed the session of Monday 28th September 2015 at 6,386.61 points, losing 0.28% during the week. The All-share index, SEMDEX, closed the same session at 1,913.82 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 365.09 points. The SEM sustainability index, SEMSI, ended at 98.95 points. The market capitalisation stood at Rs 213.13 billion at market close on Monday.
Total transactions amounted to Rs 208.1 million during the week. The top traded companies were: MCB Group Ltd (MCBG), New Mauritius Hotels Ltd (NMHL), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL) and LUX* Island Resorts Ltd (Lux). They were exchanged for a total value of Rs 94.5 million, Rs 35.1 million, Rs 20.1 million, Rs 13.7 million and Rs 7 million. The shares of MCBG, NMHL, SBMH, CIEL Limited and LUX* closed at Rs 207.00, Rs 18.00, Rs 0.85, Rs 6.64 and Rs 62.50 on Monday 28th September 2015.
An analysis of the evolution of the prices of listed stocks indicates that out of the 53 stocks figuring on the Official List, 10 moved up during the week, 28 remained stable and 15 went down. The best performing stocks for the week were: Fincorp Investment Ltd (+4.74%), Gamma-Civic Ltd (+3.70%), Air Mauritius Ltd (+3%), ENL Commercial Ltd (+2.50%) and Ireland Blyth Ltd (+2.46%). The worst performers were: MCFI Ltd (-3.93%), Sun Resorts Ltd (-3.90%), Innodis Ltd (-3.13%), Omnicane Ltd (-2.14%) and New Mauritius Hotels Ltd (P) (-1.79%).
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 | 35.73 |
MCB Group Limited | 22.58 |
Rogers & Co. Ltd | 20.24 |
ENL Land Ltd | 20.13 |
Mauritius Oil Refineries Ltd | 19.30 |
Vivo Energy Mauritius Ltd | 19.11 |
Mauritius Union Assurance Co. Ltd | 18.93 |
The Mauritius Development Investment Trust Co. Ltd | 18.71 |
Swan General Ltd | 18.27 |
CIM Financial Services Ltd | 17.99 |
On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 208.04 points and 261.26 points respectively. Market capitalisation stood at Rs 51.15 billion. A total volume of 546,719 shares for a total value of Rs 18.15 million has been traded during the week. The ten best performers in terms of annualised return since listing are: Margarine Industries Ltd, Associated Commercial Ltd, United Bus Service Ltd, Swan Life Ltd, Phoenix Investment Company Ltd, ABC Motors Ltd, Morning Light Ltd, Livestock Feed Ltd (O), United Investment Ltd and The Union Sugar Estates Ltd. The total return varies from 19.54% to 38.11%.
On the international front, the Dow Jones Industrial Average and the NASDAQ went down 0.43% and 2.92% respectively during the same time frame. In Europe, Germany DAX and France CAC-40 lost 2.30% and 1.22% respectively whilst the FTSE-100 went up 0.08% in one week.
