Business Magazine

Local market witnesses heavy trading during the week

u003cpu003eu003cstrongu003eThe local stock market was characterized by heavy trading in a market environment which saw market indices lost ground during the week under review (5-12 October 2015).u003c/strongu003eu003cstrongu003eA total volume of 73.9 million shares, amounting to nearly Rs 593.59 million, were exchanged on the Official market.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, closed the session of Monday 12u003csupu003ethu003c/supu003e October 2015 at 6,313.76 points, losing 74.81 points during the last five sessions. The All-share index, SEMDEX, closed the same session at 1,891.99 points, losing 1.17% in one week. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 361.66 points. The SEM sustainability index, SEMSI, closed at 98.32 points. The market capitalisation stood at Rs 210.69 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 593.6 million during the week. The top traded companies were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL), Alteo Ltd and LUX* Island Resorts Ltd (Lux). They were exchanged for a total value of Rs 407.4 million, Rs 54.3 million, Rs 22.7 million, Rs 18.7 million and Rs 16.8 million. The shares of MCBG, SBMH, NMHL, Alteo and LUX* closed at Rs 208.75, Rs 0.82, Rs 17.95, Rs 34.10 and Rs 61.50 on Monday 12u003csupu003ethu003c/supu003e October 2015.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 53 stocks figuring on the Official List, 6 moved up during the week, 23 remained stable and 24 went down. The best performing stocks for the week were: United Docks Ltd (+4.83%), Plastic Industry (Mtius) Ltd (+4.48%), Omnicane Ltd (+1.87%), Air Mauritius Ltd (+0.98%) and Fincorp Investment Ltd (+0.79%). The worst performers were: ENL Commercial Ltd (-5.12%), Rogers u0026amp; Co. Ltd (-5.01%), Swan General Ltd (-4.97%), Gamma-Civic Ltd (-4.94%) and MCFI Ltd (-4.55%).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=