The local stock market finished the week on a good note
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The local stock market was marked by a good performance of market indices during the week. The SEMDEX and the SEMTRI gained 0.99 and 1.02 percentage point respectively during the days under review (5th – 12th April 2021).
The local stock market was marked by a good performance of market indices during the week. The total return index, SEMTRI, registered a gain of 1.02% to close the session of Monday 12th April 2021 at 6,265.76 points. The SEMDEX ended the same session at 1,621.88 points. The SEM-10 Index, which comprises the ten largest and liquid stocks, closed at 301.87 points. At market close of Monday, the total market capitalization of the SEM-ASI constituents stood at Rs 292 billion.
Total transactions during the week amounted to Rs 163.3 million. The top five traded securities were: IBL Ltd, MCB Group Ltd (MCBG), CMSP (2), Phoenix Beverages Ltd and ENL Ltd. They were exchanged for a total value of Rs 55.36 million, Rs 39.82 million, Rs 11.75 million, Rs 7.8 million and Rs 5.8 million respectively. The shares of IBL, MCBG, CMSP, PBL and ENL closed at Rs 45.90, Rs 228.00, Rs 999.94, Rs 600.00 and Rs 14.50 on Monday 12th April.
An analysis of the evolution of the prices of listed stocks indicates that out of the 65 stocks figuring on the Official List, 13 moved up during the week, 38 remained stable and 14 went down. The best performing stocks for the week were: Automatic Systems Ltd (+6.67%), Rogers & Co. Ltd (+5.72%), Lux Island Resorts Ltd (+3.70%), Omnicane Ltd (+3.57%) and MCBG Ltd (+2.70%). The worst performers were: Harel Mallac Ltd (-18.37%), Sun Ltd (-10.03%), ENL Ltd (-3.65%), New Mauritius Hotels Ltd (-3.37%) and GRIT Ltd (-3.03%).
On the Development & Enterprise Market (DEM), the DEMEX and the DEMTRI closed the week at 228.70 points and 338.20 points respectively. Total transactions on the DEM during the week amounted to Rs 29 million. Market capitalization of the DEM stood at Rs 48.20 billion. The ten best performers in terms of annualized total return are: Livestock Feed Ltd, Phoenix Investment Company Ltd, ABC Motors Ltd, United Bus Service Ltd, Associated Commercial Ltd, Swan Life Ltd, Les Moulins de la Concorde Ltée, Kolos Cement Ltd, The Bee Equity Partners Ltd and EUDCOS Ltée. The total return varies from 14.52% to 21.32%.
On the international front, the Dow Jones Industrial Average and the NASDAQ grew by 1.95% and 3.12% respectively during the week. In Europe, the FTSE-100, the CAC-40 and the DAX gained 2.65%, 1.09% and 0.84% respectively during the same time frame.
The following data highlights the ten best performing stocks in terms of annualized total return since their listing on the stock exchange.
| Companies | Annualized Total Return since Listing (%) |
| MCB Group Limited | 19.33 |
| Vivo Energy Mauritius Ltd | 19.05 |
| MUA Ltd | 17.42 |
| United Basalt Products Ltd | 16.04 |
| Rogers & Co. Ltd | 15.59 |
| Phoenix Beverages Ltd | 15.32 |
| Mauritius Oil Refineries Ltd | 15.28 |
| Gamma Civic Ltd | 15.08 |
| National Investment Trust Ltd | 14.50 |
| Swan General Ltd | 13.96 |
