Business Magazine

Local market witnesses heavy trading during the week

u003cpu003eu003cstrongu003eThe local stock market was characterized by heavy trading during the daysu003c/strongu003eu003cstrongu003eunder review (10-17 June 2013). However, tu003c/strongu003eu003cstrongu003ehe SEMDEX and the SEMTRI went down by 0.32% over the week.u003c/strongu003eu003cstrongu003eAt market close on Monday, market capitalisation reached Rs 195.7 billion.u003c/strongu003eu003c/pu003eu003cpu003eShares worth Rs 405.8 million were exchanged in a market environment which saw the market indices slid during the week. The total return index, SEMTRI, lost 19.19 points during the week, closing the session of Monday 17 June 2013 at 5,991.11 points. The SEMTRI has registered a growth of 11.69% since the start of 2013. The All-share index, SEMDEX, closed the session of Monday at 1,925.89 points. On a year-to-date basis, the SEMDEX has grown by 11.19%. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 377.59 points. At market close on Monday, market capitalisation reached Rs 195.68 billion. Foreign investorsu0026rsquo; exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 790.70 million.u003c/pu003eu003cpu003eThe top five traded securities for the week were: State Bank of Mauritius Ltd (SBM), Rockcastle Global Real Estate Co. Ltd (ROCK), Mauritius Commercial Bank Ltd (MCB), Lux Island Resorts Ltd and Alteo Ltd. They were exchanged for a total value of Rs 181.4 million, Rs 88.8 million, Rs 77.2 million, Rs 9.9 million and Rs 8.2 million, respectively. The shares of SBM, ROCK, MCB, Lux and Alteo closed at Rs 1.03, USD 1.35, Rs 189, Rs 24.25 and Rs 36.20, respectively, on 17 June 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 13 moved up during the week, 19 remained stable and 12 went down. The best performing stocks for the week were: Lux Island Resorts Ltd (+10.23%), POLICY Ltd (+6.64%), Terra Mauricia Ltd (+3.96%), Belle Mare Holding Ltd (+3.50%) and Omnicane Ltd (+3.28%). The worst performers were: Automatic Systems Ltd (-14.29%), MCFI Ltd (-5.36%), Rockcastle Global Real Estate Co. Ltd (-3.57%), Mauritius Commercial Bank Ltd (-3.08%) and ENL Commercial Ltd (-2.27%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.u003c/pu003eu003ctable align=center border=