Business Magazine

Local market ends week in positive territory

u003cpu003eu003cstrongu003eThe local stock market ended the week in positive territory.u003c/strongu003eu003cstrongu003eThe SEMDEX and the SEMTRI progressed by 2.82% at the end of the days under review (1-8 August 2016).u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, grew by 174.11 points in one week, closing the session of Monday 8 August 2016 at 6,345.81 points. The All-share index, SEMDEX, closed the same session at 1,846.08 points gaining 50.65 points during the same time frame. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 353.58 points. The SEM sustainability index, SEMSI, ended the same day at 100.30 points. The market capitalisation stood at Rs 220.53 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 211.8 million. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), Alteo Ltd (ALT), Notes of MCB Group Ltd (MCBG Notes) and CIEL Limited (CIEL). They were exchanged for a total value of Rs 77 million, Rs 25.4 million, Rs 18 million, Rs 14 million and Rs 11.7 million respectively. The shares of MCBG, SBMH, ALT, MCBG Notes and CIEL closed at Rs 209.25, Rs 0.69, Rs 31.50, Rs 1005.71 and Rs 6.10 on Monday 8 August 2016.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 22 moved up during the week, 33 remained stable and 9 went down. The best performing stocks for the week were: ENL Land Ltd (+14.63%), CIM Financial Services Ltd (+10%), IBL Ltd (+9.97%), Alteo Ltd (+7.69%) and Phoenix Beverages Ltd (+5.95%). The worst performers were: New Mauritius Hotels Ltd (P) (-3%), SBM Holdings Ltd (-2.82%), Caudan Development Ltd (-2.46%), Mauritius Oil Refineries Ltd (-1.32%) and Air Mauritius Ltd (-1.17%).u003c/pu003eu003cp align=center\u003eu003cstrongu003eThe following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.u003c/strongu003eu003c/pu003eu003ctable align=center border=