Market registers gains
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The local stock market registered modest gains during the week under review (15-22 July 2013). The SEMDEX and the SEMTRI slightly moved up (+0.31%) at the end of these days.
The total return index, SEMTRI, ended the session of Monday 22nd July 2013 at 5,845.79 points against 5,827.80 points a week earlier. The All-share index, SEMDEX, closed Monday’s session at 1,865.12 points. The SEMTRI and the SEMDEX have registered a growth of 8.98% and 7.68% respectively on a year-to-date basis. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 364.66 points. At market close on Monday, market capitalisation reached Rs 189.50 billion. Foreign investors’ exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 859.16 million.
Total turnover for the week amounted to Rs 102.8 million. The top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), Sun Resorts Ltd (SRL), State Bank of Mauritius Ltd (SBM), Innodis and Lux Island Resorts Ltd (LUX). They were exchanged for a total value of Rs 17.5 million, Rs 17.2 million, Rs 15.1 million, Rs 14.6 million and Rs 7 million, respectively, during this time frame. The shares of MCB, SRL, SBM, Innodis and Lux closed at Rs 186.50, Rs 29.50, Rs 1.02, Rs 47.80 and Rs 21.80, respectively, on 22nd July 2013.
An analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 8 moved up during the week, 22 remained stable and 14 went down. The best performing stocks for the week were: Compagnie des Magasins Populaires Ltée (+15%), POLICY Ltd (+5.76%), Sun Resorts (+4.98%),Mauritius Commercial Bank Ltd (+2.75%) and Caudan Development (+0.94%). The worst performers were:Go Life International PCC (-20%), Promotion and Development Ltd (-5%), Bramer Banking Corporation (-2.99%), Ireland Blyth (-2.33%) and Harel Mallac Ltd (-1.71).
The following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.