Mauritius Equity Watch | 30 July 2015: Positive momentum sustains … market cap gains 2.3 billion since bulls run

Port Louis, Mauritius (Capital Markets in Africa) — Positive momentum was sustained at the end of today’s session. The Mauritius All Share Index (SEMDEX index) had cumulatively gained 20.19 point or 1.03 percent since start of the positive runs (and climbed by 0.11 percent or 2.15 points) to close at 1,973.38 points. SEM10 index closed at 378.37 points after gaining 0.65 points or 0.17 percent.

The market capitalization recorded MUR 219.421 billion (relative to previous market capitalization of MUR 219.182 billion) by adding MUR 239 million (cumulative gains of about MUR 2.3 billion since bull runs had began).

The overall total volume trade was registered at 4.195 million (a marginally fall relative to 4.327 million recorded on previous trading session). The total valued traded was recorded at MUR 29.621 million (a decrease relative to MUR 33.607 million recorded at previous trading session).

The most active traded securities by volume were SBM Holdings recorded 3.728 million (almost 89 percent of total volume) at MUR 3.308 million and Union Basalt Products registered 173,900 traded stocks amounted to MUR 14.259 million. New Mauritius Hotels traded 57,100 stocks at MUR 1.085 million and CIEL Limited Mauritius got a total volume of 56,300 shares at MUR 387,944. MCB Group also recorded 31,623 shares at MUR 7.060 million.

From the market sentiment/breath viewpoints, among the 29 traded securities there were 8 price gainers and 5 price losers as well as 16 remained unchanged. The price advancers were Delta International (US$) added 6.06 percent to end at US$ 1.75, Union Basalt Products closed at MUR 82.00 after adding 2.18 percent and POLICY Mauritius edged up by1.45 percent to close at MUR 7.00. ENL Land Limited also advanced by 1.28 percent to end at MUR 47.50 and National Investment Trust closed at MUR 43.00 after adding 1.18 percent.

On the contrary, the four losers were DALE Capital Mauritius, which emerged as the top loser by losing 12.14 percent to close at MUR 2.46. The second top loser was Automatic Systems Limited with a price reduction of 10.00 percent to trade at MUR 28.80. Likewise, Newgold ETF tumbled by 9.31 percent to settle at MUR 365.50 and Bluelife Limited fell by 2.33 percent to end at MUR 4.20. GAMMAC CIVIC closing price was MUR 27.50 by gaining 1.79 percent.

The DEMEX index lost 0.51 points or 0.25 percent to close at 205.58 points. The market capitalization went down by MUR 122 million to close at MUR 48.859 (against MUR 48.981 billion recorded previous trading session). The total value traded was MUR 742,705 exchanged in 23,901 traded securities. Constance Hotel closed at MUR 36.50 after adding 0.27 percent.  Conversely, BHARAT Telecommunication fell by 19.64 percent to trade at MUR 27.00 and United Investment plummeted by0.38 percent to close MUR 13.10.