Local market rebounds during the week

The local stock market experienced positive growth during the week (21-28 March 2016). The SEMDEX and the SEMTRI moved up +0.74% and +0.75 respectively at the end of the days under review.

The Total Return Index, SEMTRI, closed the session of Monday 28 March 2016 at 6,098.31 points, moving up by 45.10 points in one week. The All-share index, SEMDEX, closed the same session at 1,800.55 points against 1,787.24 points on Monday 21 March. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 346.47 points. The SEM sustainability index, SEMSI, ended the same day at 98.19 points. The market capitalisation stood at Rs 203.65 billion at market close on Monday.

Total transactions during the week amounted to Rs 95.3 million. The top five traded securities were: MCB Group Ltd (MCBG), New Mauritius Hotels Ltd (NMHL), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL) and POLICY Ltd (POL). They were exchanged for a total value of Rs 43 million, Rs 8.1 million, Rs 5.8 million, Rs 5.2 million and Rs 3.8 million respectively. The shares of MCBG, NMHL, SBM, CIEL and POL closed at Rs 207.00, Rs 22.50, Rs 0.69, Rs 6.30 and Rs 6.48 on Monday 28 March 2016.

An analysis of the evolution of the prices of listed stocks indicates that out of the 57 stocks figuring on the Official List, 16 moved up during the week, 31 remained stable and 10 went down. The best performing stocks for the week were:Lottotech Ltd (+14.58%),POLICY Ltd (+8%), SBM Holdings Ltd(+6.15%), New Mauritius Hotels Ltd (+2.27%) andGamma-Civic Ltd (+2.17%). The worst performers were: ENL Land Ltd(-2.80%),MDIT Ltd (-2.78%), Belle Mare Holding Ltd (-1.96%), Innodis Limited (-1.88%) and BlueLife Ltd (- 1.52%).

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 197.23 points and 250.87 points respectively. Market capitalisation stood at Rs 44.87 billion. A total volume of 758,328 shares for a total value of Rs 13.9 million has been traded during the week. The ten best performers in terms of annualised return since listingare: Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, ABC Motors Ltd, Phoenix Investment Company Ltd, Livestock Feed Ltd (O), Swan Life Ltd, Morning Light Ltd, The Bee Equity Partners Ltd and Les Moulins de la Concorde Ltd. The total return varies from 20.82% to 36.35%.

On the international front, the Dow Jones Industrial Average and the NASDAQ went down 0.49% and 0.46% respectively in one week. In Europe, France CAC-40, Germany DAX and London FTSE-100 lost 2.98%, 1% and 1.34% during the same time frame.