Business Magazine

Market ends week in positive territory

u003cpu003eu003cstrongu003eThe local stock market ended the days under review (10-17 February 2014) on a positive note. The SEMDEX and the SEMTRI gained 0.61% over the week.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI registered a growth of 40.21 points during the week, closing the session of Monday 17u003csupu003ethu003c/supu003e February 2014 at 6,629.05 points. The main index, SEMDEX, closed the same session at 2,080.40 points, gaining 12.62 points in one week. The SEM-7 index, which comprises the seven largest and most liquid stocks, ended at 400.03 points. At market close on Monday, market capitalisation reached Rs 225.72 billion.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 207 million and the top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Lux Island Resorts Ltd, CIEL Limited and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 55.9 million, Rs 31.1 million, Rs 21 million, Rs 16 million and Rs 13.3 million respectively. The shares of MCB, SBM, Lux, CIEL and NMHL closed at Rs 212.00, Rs 1.05, Rs 39.50, Rs 7.30 and Rs 83.25 respectively on Monday 17u003csupu003ethu003c/supu003e February 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 47 stocks figuring on the Official List, 16 moved up during the week, 16 remained stable and 15 went down. The best performing stocks for the week were: Bramer Banking Corporation Ltd (+8.33%), Innodis Ltd (+4.90%), Air Mauritius Ltd (+4.76%), Fincorp Investment Ltd (+3.70%) and Terra Mauricia Ltd (+3.04%). The worst performers were: Automatic Systems Ltd (-15%), Le Meritt holdings Ltd (-11.14%), Caudan Development Ltd (-6.78%), Dale Capital Group Ltd (-4%) and The Mauritius Development Investment Trust Co. Ltd (-2.02%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.u003c/pu003eu003ctable align=center border=