Business Magazine

Local market witnesses heavy trading during the week

u003cp align=left\u003eu003cstrongu003eThe local stock market was characterized by heavy trading during the week under review (26 January – 2 February 2015). Shares worth Rs 320.2 million were exchanged in a market environment which saw the indices lose ground during the week (-0.89% for the SEMDEX and the SEMTRI).u003c/strongu003eu003c/pu003eu003cpu003eThe All share index, SEMDEX, closed the session of Monday 2u003csupu003endu003c/supu003e February 2015 at 2,007.74 points against 2,025.78 points a week earlier. The Total Return Index, SEMTRI, ended the same session at 6,581.90 points (6,641.01 points on 26 January). The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 373.59 points. The market capitalisation stood Rs 223.21 billion at market close on Monday.u003c/pu003eu003cpu003eThe top five traded securities during the week were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL), Phoenix Beverages Ltd (PBL) and Lux Island Resorts Ltd. They were exchanged for a total value of Rs 107.7 million, Rs 52.4 million, Rs 32.8 million, Rs 23.5 million and Rs 18.4 million. The shares of MCBG, SBMH, NMHL, PBL and Lux closed at Rs 197.50, Rs 1.01, Rs 70.00, Rs 276 and Rs 53.00 on 2u003csupu003endu003c/supu003e February 2015.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 51 stocks figuring on the Official List, 11 moved up during the week, 21 remained stable and 19 went down. The best performing stocks for the week were: Gamma-Civic Ltd (+4.88%), Mauritius Union Assurance Co. Ltd (+4.17%), Phoenix Beverages Ltd (+2.41%), ENL Land Ltd (+2.13%) and Plastic Industry (Mauritius) Ltd (+1.25%). The worst performers were: LUX* Island Resorts Ltd (-7.42%), BlueLife Ltd (-7.41%), Caudan Development Ltd (-6.67%), New Mauritius Hotels Ltd (-6.67%) and Bramer Banking Corporation Ltd (-6.05%).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=