Total Return Index SEMTRI continues its record-breaking spree
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The local stock market maintained its growth path during the week under review (14-21 October 2013). The SEMTRI and the SEMDEX kept the trend with a rise of 0.87% at the end of these days.
The Total Return Index, SEMTRI, pursued its record-breaking spree by closing the session of Monday 21st October 2013 at a new all-time high of 6,260.94 points. The All-share index, SEMDEX, closed the same session at its highest level of 2013 at 1,982.45 points. Since the start of 2013, the SEMTRI and the SEMDEX have registered double digit gains of 16.72% and 14.46% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 388.23 points. At market close on Monday, market capitalisation reached its all-time high of Rs 201.4 billion.
Total transactions for the week under review amounted to Rs 758.8 million. This included one-off transfer trades of two funds, namely, Bayport Management Ltd (Rs 383.7 million) and Evisa Investments Ltd (Rs 241.1 million). The other most traded securities during the last five sessions were mainly The Mauritius Commercial Bank Ltd (MCB), Alteo Ltd, State Bank of Mauritius Ltd (SBM), New Mauritius Hotels Ltd (NMHL) and Rogers & Co. Ltd. They were exchanged for a total value of Rs 45 million, Rs 14.5 million, Rs 14.1 million, Rs 8.7 million and Rs 6.7 million respectively. The shares of MCB, Alteo, SBM, NMHL and Rogers closed at Rs 196.50, Rs 36.40, Rs 1.01, Rs 87 and Rs 192.25 respectively on Monday 21st October 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 17 moved up during the week, 23 remained stable and 5 went down. The best performing stocks for the week were: New Mauritius Hotels Ltd (+6.10%), Compagnie des Magasins Populaires Ltée (+5.28%), National Investment Trust Ltd (+4.01%), Gamma-Civic Ltd (+3.51%) and The Mauritius Development Investment Trust Co. Ltd (+2.80%). The worst performers were: NewGold Issuer Limited (-4.71%), Mauritius Union Assurance Co. Ltd (-3.17%), Innodis Ltd (-0.98%), Bramer Banking Corporation Ltd (-0.65%) and CIM Financial Services Ltd (-0.50%).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.
Companies | Total Return (%) since beginning of 2013 |
Lux Island Resorts Ltd | 82.10% |
CIM Financial Services Ltd | 56.53% |
New Mauritius Hotels Ltd | 55.86% |
Automatic Systems Ltd | 53.12% |
P. O. L. I. C. Y Ltd | 48.54% |
National Investment Trust Ltd | 33.80% |
Rogers & Co. Ltd | 33.12% |
The Mauritius Development Investment Trust Co. Ltd | 32.39% |
Promotion and Development Ltd | 29.61% |
Sun Resorts Ltd | 27.17% |
On the Development & Enterprise Market (DEM), the two indices, DEMEX and DEMTRI, achieved new heights on Wednesday 16th October 2013. The DEMEX closed at a record level of 160.06 points whereas the DEMTRI finished the same session at an all-time high of 191.72 points. At market close on Monday 21st October 2013, the DEMEX and the DEMTRI closed at 159.28 points and 190.79 points respectively. Market capitalization stood at Rs 49.61 billion. A total volume of 4.26 million shares for a total value of Rs 36.61 million has been traded during the week. The ten best performing stocks in terms of total returns since the beginning of 2013 are: Constance La Gaieté Company Ltd, Deep River Investment Ltd (O), RHT Holding Ltd, Union Flacq Ltd, ENL Investment Ltd, Tropical Paradise Ltd (O), United Bus Service Ltd, Ciel Investment Ltd, Mauritius Secondary Industries Ltd and The Union Sugar Estates Co Ltd. The total return varies from 20.37% to 51.49%.
On the international front, financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ Composite index gained 1.07% and 3.23% respectively during the week. In Europe, Germany DAX, Britain’s FTSE and France CAC-40 went up 1.61%, 2.09% and 1.57% respectively during the same time frame.
