Stock Exchange of Mauritius’ main index dips by 0.4% in mid-August close
Against the tide on the SEM which closed down 0.4%, recently listed Lottotech continued its winning streak, climbing up by 0.4% to attain an intra-week high of Rs 12.30 before closing at Rs 12.15 on a significant volume of 1.4 million shares exchanged. (Image: Lottotech)
The Stock Exchange of Mauritius’ indices closed the week ended August 14, 2014 on a negative note, according to market highlights published by Anglo-Mauritius Stockbrokers.
Both the benchmark index, the Semdex, as well as the, the SEM-7, which comprises the seven largest eligible shares on the Official Market, lost 0.4 % and 0.9% each to hit 2,098.58 points and 401.15 points respectively.
Recently listed Lottotech continued its winning streak, climbing up by 0.4% to attain an intra-week high of Rs12.30 before closing at Rs12.15 on a significant volume of 1.4 million shares exchanged.
The report also noted that the overall market turnover on the official market amounted to Rs 150.8 million and foreign investors were net sellers to the tune of Rs 50.7 million.
In the banking sector, the Mauritius Commercial Bank Group (MCBG) registered a downward trend of 2.2% to Rs 209.25 per share and foreign investors were net sellers to the amount of Rs 46.2 million.
State Bank of Mauritius (SBM) remained unchanged at Rs 1.07 a share on a volume of 8.8 million shares traded, mostly on foreign sales, while Bramer Bank lost 4.4% to close at Rs 6.50 a share on 37,600 shares traded.
In the insurance space, Swan dropped by 0.8% to Rs 310 on only 100 shares traded and on the other hand, financial firm CFS rose by 0.9% to Rs 8.70 on 121,300 shares traded.
The commerce counter performed well with a growth of 4.8% to Rs 110 on a total volume of 10,700 shares registered for IBL, while Vivo energy rose 0.5% on 672 shares exchanged and ENL Commercial finished unchanged at Rs 22.50 on 10,200 shares traded.
Gamma Civic remained steady at Rs 50.50 on 82,000 shares exchanged for Rs 4.1 million, and UBP grew by 0.3% to reach Rs 83 on 9,900 shares traded.
ENL Land (P) finished at Rs 42.50 on 225 shares and CIEL witnessed traded volumes of 867,900 shares to close the week unchanged at Rs7.00.
Other losers were Caudan which declined by 0.8% to Rs 1.23 on 105,300 shares overall, and POLICY declined by 0.2% to Rs 7.98 on 137,300 shares exchanged.
On the hospitality front, the New Mauritius Hotel (NMH) finished unchanged at Rs 87 on 37,100 shares. The report also noted that the higher losses in the last quarter compared to the previous year are due to temporary closure of Royal Palm for renovation works and operating losses from hotel in Marrakech.
LUX shares and Sun Resorts shares closed at Rs 48.60, representing an increase of 1.0%, and Rs 43.50, representing an increase of 0.6%, respectively.
Air Mauritius saw an increase of 1.4% to close at Rs 17.50 on 157,800 shares traded and property major Bluelife rose by 2.3% to reach Rs 7.16 on 36,700 shares exchanged.
Rounding up the top 10 gainers were the IBL with an increase of 4.8%, ENL Land (P) (4.7%); Bluelife (2.3%); PAD (1.6%); Air Mauritius (1.4%); LUX (1%); CFS (0.9%); Sun Resorts (0.6%); both Rogers and Vivo Energy (0.5%); and Lottotech (0.4%).
Meanwhile, the development market index, the Demex, gained 1.2% to reach 191.84 points.
The Black River Investments Company Ltd was the best performer on the DEM as it climbed by 10% to close at Rs 4,060 on merely 100 shares traded.