Local market ends week in positive territory

The local stock market ended the week on a positive note. The SEMDEX and the SEMTRI gained 0.4% at the end of the days under review (20 - 27 June 2016).

The Total Return Index, SEMTRI, ended the session of Monday 27 June 2016 at 5,978.22 points, gaining 23.88 points during the week. The All-share index, SEMDEX, closed the same session at 1,753.63 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 337.73 points. The SEM sustainability index, SEMSI, ended the same day at 99.24 points. The market capitalisation stood at Rs 199.21 billion at market close on Monday.

Total transactions during the week amounted to Rs 127.4 million. The top five traded securities were: MCB Group Ltd (MCBG), MUA Notes, SBM Holdings Ltd (SBMH), Ireland Blyth Ltd (IBL) and New Mauritius Hotels Preference (NMH P). They were exchanged for a total value of Rs 58.1 million, Rs 12.8 million, Rs 9.2 million, Rs 5.8 million and Rs 4.5 million respectively. The shares of MCBG, MUA Notes, SBMH, IBL and NMH (P) closed at Rs 212.00, Rs 10,509.02, Rs 0.64, Rs 125.00 and Rs 11.00 on Monday 27 June 2016.

An analysis of the evolution of the prices of listed stocks indicates that out of the 63 stocks figuring on the Official List, 18 moved up during the week, 36 remained stable and 9 went down. The best performing stocks for the week were: Go Life International Ltd (+50%), Omnicane Ltd (+6.85%), NewGold Securities (+5.57%), Alteo Ltd (+4.90%) and POLICY Ltd (+4.48%). The worst performers were: Lottotech Ltd (-4.16%), New Mauritius Hotels Ltd (P) (-2.65%), Lux Island Resorts Ltd (-2.55%), SBM Holdings Ltd (-1.54%) and New Mauritius Hotels Ltd (-1.46%).

The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.

On the Development & Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 193.65 points and 249.50 points respectively. Market capitalisation stood at Rs 44.42 billion. A total volume of 3.9 million shares for a total value of Rs 71.8 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 19.61% to 35.29%.

On the international front, the Dow Jones Industrial Average and the NASDAQ lost 1.55% and 1.92% respectively during the week. In Europe, France CAC-40, Germany DAX registered a loss of 2.08% and 0.77% respectively whilst London FTSE-100 gained 1.95% in one week.