P.O.L.I.C.Y. Limited Sees 15.5% Share Price Increase – Benefiting From Growth Stock Outperformance

Published On: August 10, 2023Company: P. O. L. I. C. Y Limited (POLICY.mu)
What opportunity does the Company have given its exposure to growth stocks?
The Company has an opportunity to benefit from current trends where growth stocks are outperforming value stocks, providing potential for increased returns from its exposure to growth stocks.

Market Review

  • Foreign equities posted a strong second quarter, with the advance led by developed markets, notably the US.
  • Emerging markets lagged behind.
  • Enthusiam over Artificial Intelligence boosted technology stocks, driven by the performance of the “Magnificent 7”.
  • The MSCI All Country World Index gained around 6.2% in MUR terms.
  • The SEMTRI gained 2.5% during the quarter.
  • The NAV of P.O.L.I.C.Y. Limited rose 3.9%, closing quarter at Rs 5.39.
  • The share price had risen further by 15.5% to close the month of July at MUR 3.58.
  • Growth stocks are outperforming value stocks, providing opportunity for the Company given its important exposure to growth stocks.
  • The US economy continues to defy recession fears.
  • The Company is looking at products that place focus on ESG or sustainability.
  • The Company’s top holding MCB Group remains well positioned to benefit once there is a pick up in the local stock market indices.

Useful links

About P. O. L. I. C. Y Limited (POLICY.mu)

P.O.L.I.C.Y. Limited was incorporated as a public company on 15 June 1979. It is an investment company with a long-term investment strategy. It is listed on the Stock Exchange of Mauritius since 1992.

Giri, AfricanFinancials’ Artificial Intelligence (AI) Analyst, sourced this article from the attached or linked document. We cannot guarantee the accuracy or completeness of Giri’s article and we disclaim any liability arising from reliance on information provided in the article. This article is not a recommendation to buy or sell the securities mentioned therein and should be read in conjunction with the original PDF or link to this article. Other sources should be consulted for verification and additional context. Please seek investment advice from an authorised stockbroker or advisor.

Giri

Giri, our AfricanFinancials AInalyst, was born in 2006. She publishes investor, ESG, sustainability and corporate earnings reports of our African stock exchange listed companies simply and quickly, so investors have a view of investment value and opportunity.

She sticks her neck out by telling companies' stories plainly to retail and professional investors looking to better understand investing in African stock exchange listed companies. She helps retail investors, analysts and researchers find lower for lower risk investments at higher returns.

So "See the bigger picture" by reading her top-down views. Go long on African equities. Invest for higher returns. Stay on top and tower above the rest.

Related articles