18-Dec Stock Market Update December 18, 2014 NMH drops 5.7% to 52-week low Semdex Sem-10 2,064.90 Demex 384.54 200.43 NMH drops an additional 5.7% during today’s session on Rs4.50 lost. The hotel stock closes at Rs75 (VWAP: Rs76.60) reaching a 52-week low. This is the highest dip recorded by NMH for the year so far. YTD, the stock has lost 15% and value traded for the day amounts to Rs3.5m on 46,700 shares where FI transactions on the hotel group are on the low side with FI sales of Rs0.6m. SEMDEX sustains downward tendency closing at 2,064.9 (-0.4%) where market value traded (MVT) stands at Rs32.2m and total volume traded (TVT) is at 2.3m. Foreign Investors’ (FI) transactions remain focused on the sell-side with FI Sales (FIS) of Rs13.4m compared to Rs2m of FI Purchases (FIP). MCBG attracts the bulk of FIS with Rs11m (82%) while SBMH accounts for 52% of FIP. Financial Services: CIM hits an all-time high at Rs9 representing a 3.4% leap day-on-day and features as the top performer of the day. MUA closes 0.4% higher settling at Rs68.25. Industry: Movers are on the downside with GAMMA sliding 4.5% to Rs42 and concurrently reaches a 9-month low. UBP declines 0.6% on Rs0.50 lost ending the session at Rs78.25. Investments: MDIT is the only gainer with +0.3%. NIT closes 0.5% lower, POLICY weakens 0.5% and ROGERS sheds the amount gained yesterday settling at Tuesday’s level of Rs27.80 (-0.7%). Leisure and Hotels: LOTTO adds a further Rs0.20 (+1.9%) closing at Rs10.80. Amongst hotels, NMH dives 5.7% to Rs75 and LUX declines 1.7% ending at Rs59 while SUN closes flat at Rs46. Transport: AIRM records three straight days of gains adding 0.3% for the day settling at Rs17.55. DEMEX moves forward 0.01% to 200.43 as SODIA advances 5% while ENL.P(-1%) and TPL.P (-2%) are on the downside. International equity markets: Advanced equity markets ended midweek’s session in the green whereby NIKKEI added 0.4%, FTSE 100 and EURO STOXX each advanced 0.1% and S&P 500 leaped 2% to 2012.89. On the emerging markets side, major indices were mixed. IBOVESPA (+3.6%) and SHANGHAI COMP (+1.3%) were on the upside whilst MICEX tumbled 2.1%, SENSEX closed 0.3% lower and JSE ALL SHARE declined 0.2%. Market Indices: 1 year Trend (Rebased 100) Market Activity Top gainers 120 115 CIM 3.4% NMH -5.7% SEM10 LOTTO 1.9% GAMMA -4.5% DEMEX MUA 0.4% LUX -1.7% MDIT 0.3% ROGERS -0.7% AIRM 0.3% UBP -0.6% 110 105 100 95 18 Dec 13 Top losers SEMDEX 18 Mar 14 Summary Market Data 18 Jun 14 18 Sep 14 Most Active (Value) Key Market Statistics MCBG Market Cap (Rs) 11.3 m LUX 5.7 m Market Cap (USD) NMH 3.5 m Market Div Yield VIVO 2.6 m Market P/E 9.85× 1.6 m FI Participation 24.0% 1D ∆ 1M ∆ 3M∆ -0.4% -1.7% -2.6% 18 Dec 14 INNODIS Closing Mauritius SEMDEX 2,064.90 SEM10 384.54 -0.6% -3.0% -4.1% DEMEX 200.43 0.01% -0.5% -0.7% 16,819.73 0.4% -0.9% 5.7% US: S&P 500 2,012.89 2.0% -1.4% 0.6% UK: FTSE 100 6,336.48 0.1% -5.0% -6.6% Europe: Euro Stoxx 50 3,051.99 0.1% -1.1% -5.7% 48,713.64 3.6% -5.0% -17.6% Russia: MICEX 1,413.79 -2.1% -6.2% -2.5% India: SENSEX 26,710.13 -0.3% -5.2% 0.3% 3,061.02 1.3% 23.7% 32.6% 47,282.48 -0.2% -6.4% -7.6% Global Indices Japan: Nikkei 225 Emerging Market Indices Brazil: IBOVESPA China: Shanghai Comp South Africa: JSE All Share 228.2 bn 1 year trend 7.2 bn 3.0% Closing 1D ∆ 12M ∆ Currencies 61.18 2.2% -42.9% USDMUR Gold 1,189.71 -0.6% -3.3% Platinum 1,193.38 -0.4% -11.6% Commodities Oil Closing VWAP P/E MCBG 198.50 198.50 SBMH 1.02 1.02 NMH 75.00 ENLLAND.O ALTEO Selected stocks Closing 1D ∆ 12M ∆ 31.97 0.3% 4.5% EURMUR 39.36 -1.0% -6.1% GBPMUR 49.71 -0.7% 0.3% FIP FIS 1D ∆ 1M ∆ 3M ∆ 10.82 - 11.1 m - -2.2% -4.9% 7.92 1.0 m 1.4 m - -1.9% -1.9% 76.60 26.41 - 0.6 m -5.7% -13.8% -14.8% 50.00 50.00 15.72 - - - 2.0% - 34.25 34.25 171.25 0.7 m 0.0 m - 0.7% -6.2% SEM-10 CIEL 7.50 7.50 NA - - - -3.8% 5.6% 34.00 34.00 21.25 - 0.4 m - 2.3% -5.8% 112.25 112.25 15.17 - - - -1.5% -2.4% GAMMA 42.00 42.59 15.73 0.04 m - -4.5% -10.6% -12.5% BRAMER 6.50 6.53 65.00 - - - -3.8% -4.4% CIEL TEXT 38.90 38.90 7.66 - - - -0.3% 0.8% HOTELEST 33.70 32.08 NA - - - -9.4% -12.5% 1.80 1.80 18.00 - - - -5.3% 5.9% Market Event Type Rs/share Ex date Payment Date TERRA IBL DEM Most Active MED & SURG Latest Upcoming Entitlements Ann. Date Company 17-Dec-14 CIEL Official Dividend Interim 0.05 6-Jan-15 22-Jan-15 15-Dec-14 CMPL Official Dividend Final 0.50 31-Dec-14 27-Jan-15 15-Dec-14 SWAN Official Dividend Final 12.00 31-Dec-14 20-Jan-15 15-Dec-14 ANGLO DEM Dividend Final 41.80 31-Dec-14 20-Jan-15 15-Dec-14 CIEL TEXT DEM Dividend Interim 0.75 31-Dec-14 19-Jan-15 15-Dec-14 OMNICANE Official Dividend Final 2.50 9-Mar-15 26-Mar-15 15-Dec-14 ROGERS Official Dividend Interim 0.30 31-Dec-14 21-Jan-15 12-Dec-14 ASL Official Dividend Final 2.50 30-Dec-14 5-Jan-15 12-Dec-14 VITAL 12-Dec-14 INNODIS DEM Dividend Final 3.00 30-Dec-14 5-Jan-15 Official Dividend Interim 0.85 30-Dec-14 16-Feb-15 Latest Announcements Date Company Details 11-Dec-14 MFD With reference to the cautionary announcement issued on 7th November 2014, the board of MFD announced that a special meeting of shareholders held on 9th December 2014, the shareholders have approved the following: (1) The scheme of arrangement whereby, the shareholders of MFD will be issued similar number of ordinary shares in MFD Group Limited (MFDG) which shall match exactly the number of shares issued by MFD in a ratio of one MFDG share for each MFD share held by the shareholders. (2)The capital reduction of MFD at present amounting to Rs1,2 bn divided into 150,000,000 shares of no par value, be brought to the sum of Rs810m still divided into 150,000,000 shares of no par value. MCB Stockbrokers Ltd (the “Company”) issues from time to time publications on specific companies, groups or sectors. Our publications should not be construed as offers or solicitations to buy or sell securities. The information and opinions contained therein have been compiled or arrived at by the Company from sources believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. All our opinions and estimates constitute the Company's own judgment as at respective dates of issue and are subject to change without notice. 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