NB: The company has changed its name to Anglo-Mauritius Stockbrokers Limited (previously known as Cim Stockbrokers Ltd) as from 15th June 2012. We are currently in the process of reviewing our website.
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Daily Market Review :
Market activity on the Official market was buoyed by exchanges over MCB primarily, which occupied 65% of the total market turnover of Rs87.8m. Significant crosses of 127k and 129k shares respectively were exchanged at Rs193.00 but the banking stock finished the session higher at Rs193.50 (VWAP Rs193.01). State Bank was flat at Rs1.04 on 1.4m shares. NMH was also unmoved at Rs71.00 on 61.8k shares traded. Heavy exchanges occured across Alteo, which accounted for 15% of today's turnover, where the stock held steady at Rs37.00. On the insurance and other financials front, CFS stayed level at Rs6.30 on 394k shares. MEI moved up to Rs100.00 (+2.0%) on thin volume of 3.8k shares while Swan dropped by 4.1% on only 107 shares traded. As for the commercial segment, IBL lost yesterday's gain to fall back to Rs90.00 (-0.3%), while Vivo Energy inched up by 0.2%. On the hotel counter, Lux Island Resorts fell down to Rs21.00 (-1.0%) on 48.1k shares. The property development stock, Le Meritt dropped to Rs10.30 (3.7%) on low exchanges of 1.5k shares. The Dem market witnessed a relatively high turnover of Rs19.9m , which was primarily skewed towards Ascencia (unch.), followed by Ciel Investment (unch.) and Medine (O) (+3.1%). The Demex climbed up by 1.1%, predominantly on the back of ENL Investment which shot up by 8.5% to close at Rs44.50 on 4.7k shares, mostly foreign purchases. Ascencia remained level at Rs1,200.00 on 5.8k shares, being all foreign sales. Ciel Investment saw a significant cross of 1.5m shares exchanged at Rs3.08 but recouped its intraday loss to finish unchanged at Rs3.09. on nearly 100 shares. Medine(O) moved up to close at Rs66.00 on appreciable trades of 45.4k shares. The sole losers were Sodia(-1.6%) and Union Flacq (-0.3%).