Lottotech performs well in its debut on the Stock Exchange of Mauritius
Indices ended in negative territory for the week ended 13 June 2014, the Semdex losing 0.8% to close at 2,075.14 points while the Sem-7 edged lower by 0.7% to end the week at 403.77 points. (Image: Shibani Finance)
The Stock Exchange of Mauritius saw transactions worth Rs 748.8 million for the week ended June 13, 2014, with the biggest exchanges conducted on the MCB Group (MCB) and Alteo, accounting for a total of 65.1%.
Indices ended in negative territory this week, the Semdex losing 0.8% to close at 2,075.14 points while the Sem-7 edged lower by 0.7% to end the week at 403.77 points.
MCB, Alteo, Lottotech, State Bank Mauritius and Omnicane, performed well with transactions totalling Rs 380.9 million, Rs 106.9 million, Rs 48.3 million, Rs 42.9 million and Rs 35.9 million respectively.
The main highlight of the week was the introduction of Lottotech on Wednesday, which was oversubscribed three times for its initial public offering (IPO).
During the week, Lottotech saw 4.0 million shares exchanged to close at Rs 11.60, while the first trading session saw 2.9 million shares exchanged, opening at Rs 14 before closing at Rs 11.90, higher than its IPO offer by 19%.
In the banking sector, MCB gave up 0.5% to Rs 219.00 with 1.7 million shares exchanged.
Foreign investors were net buyers this week to the tune of Rs 313.8 million with MCB being the main target of their spends at Rs 306.5 million, representing 80.5% of the total weekly trades on the stock.
SBM, which traded ex-dividend since Wednesday, closed the week at Rs 1.05, representing a decrease of 0.9% with 40.6 million shares traded.
Cim Financial Services maintained its upward trend, gaining 0.7% to Rs 8.12 on 187,300 shares.
Among insurance firms, Swan was the only gainer, climbing by 0.3% to Rs 299.00 on 3,000 shares while Mauritius Union Assurance closed the week unchanged at Rs 133.00.
On the commerce counter, ENL Commercial was the only gainer with 1.2% to Rs 21.25 on 102,817 shares as IBL and Vivo fell by 2.9% and 7.2% respectively.
Among industrial firms, Gamma gave up recent gains, declining by 7.5% to Rs 49.00 on 70,000 shares and Plastic Industry Mauritius, which traded ex-dividend since Tuesday, closed the week at Rs 76.00. UBP gained 0.6% to Rs 82.50 on 27,800 shares.
Alteo and ENL Land dominated exchanges over the investment counter, dipping by 0.3% and 0.8% respectively with Rs 106.9 million and Rs 33.1 million shares traded each.
Terra gained 0.3% to close at Rs 36.60 on 631,100 shares whereas CIEL weakened by 1.2% to settle the week at Rs 6.74, with 2.2 million shares traded.
The main gainers in the segment were Promotion And Development Mauritius with 1.2%, Caudan with 0.9% and United Docks with 0.7%.
In hospitality, LUX was the only gainer with 1.2% to Rs 43.60 on 166,200 shares. New Mauritius Hotel closed at Rs 84.25, a 0.3% decrease and SUN was slightly down by 0.2% to Rs 40.40 on only 5,000 shares.
ASL dropped by 0.9% to Rs 105.00 on 20,900 shares while Air Mauritius fell by 1.1% to Rs 18.00 despite announcing profits for the financial year ending 31 March 2014.
Sugar major Omnicane gained 1.2% to Rs 85.00 on 421,900 shares. Property development companies such as Bluelife and Le Meritt lost 1.1% and 0.7% respectively.
Meanwhile, the development & enterprise market index, the Demex, gained 2.0% to reach 181.87 points.
Alma Investment was the strongest performer of the week, surging after the announcement that it would dispose of all its portfolio of financial assets available for sale, and distribute special dividend of around Rs 53.00. The investment stock reached Rs159.00, an increase of 38.3% w-o-w on a total volume of 1,900 shares traded.
Bharat Telecom was the second largest gainer on the market, up 14.6% to Rs 47.00 on 2,800 shares exchanged.