Business Magazine

Local market finishes up

u003cpu003eu003cstrongu003eThe local stock market ended the week on a positive note. The SEMDEX and the SEMTRI moved up by 1.04% and 1.05% respectively at the end of the days under review (11-18 January 2016).u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, closed the session of Monday 18 January 2016 at 6,139.02 points, gaining 63.83 points in one week. The All-share index, SEMDEX closed the same session at 1,817.04 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 348.36 points. The SEM sustainability index, SEMSI, ended the same day at 96.61 points. The market capitalisation stood at Rs 202.36 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 223.4 million during the week. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL), Lux Island Resorts Ltd and Caudan Development Ltd (CAUD). They were exchanged for a total value of Rs 99.3 million, Rs 63.1 million, Rs 18.5 million, Rs 6.4 million and Rs 5.9 million respectively. The shares of MCBG, SBMH, NMHL, Lux and CAUD closed at Rs 203.75, Rs 0.70, Rs 20.00, Rs 60.00 and Rs 1.22 on Monday 18 January 2016.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 56 stocks figuring on the Official List, 13 moved up during the week, 30 remained stable and 13 went down. The best performing stocks for the week were: New Mauritius Hotels Ltd (+15.61%), ENL Land Ltd (+8.15%), Promotion and Development Ltd (+4.40%), BlueLife Ltd (+3.93%) and Ireland Blyth Ltd (+3.77%). The worst performers were: New Mauritius Hotels Ltd (P) (-7.39%), Mauritius Oil Refineries (-3.85%), Gamma-Civicu0026nbsp;Ltd (-2%), Phoenix Beverages Ltd (-1.70%) and Lottotech Ltd (-1.41%).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=