Business Magazine

Local market witnesses heavy trading

u003cpu003eu003cstrongu003eThe local market was marked by heavy trading during the days under review (20-27 January 2014). However, the SEMDEX and the SEMTRI closed down by 0.66% over the week.u003c/strongu003eu003c/pu003eu003cpu003eShares worth Rs 463.66 million were exchanged in a market environment which saw the market indices lose ground during the week. The Total Return Index, SEMTRI, closed the session of Monday 27u003csupu003ethu003c/supu003e January 2014 at 6,729.77 points, losing 44.52 points in one week. The main index, SEMDEX, ended the same session at 2,112.59 points. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 406.02 points on Monday. At market close on Monday, market capitalisation reached Rs 219.26 billion.u003c/pu003eu003cpu003eThe top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), Gamma-Civic Ltd (GCL), State Bank of Mauritius Ltd (SBM), Swan Insurance Co. Ltd (SWAN) and Mauritius Union Assurance Co. Ltd (MUA). They were exchanged for a total value of Rs 251.3 million, Rs 60.6 million, Rs 35.2 million, Rs 31.2 million and Rs 12.9 million respectively. The shares of MCB, GCL, SBM, SWAN and MUA closed at Rs 212.75, Rs 36.00, Rs 1.05, Rs 300.00 and Rs 130.00 respectively on Monday 27u003csupu003ethu003c/supu003e January 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 46 stocks figuring on the Official List, 12 moved up during the week, 19 remained stable and 15 went down. The best performing stocks for the week were: MCFI Ltd (+5.42%), Ireland Blyth Ltd (+5.34%), Mauritian Eagle Insurance Co. Ltd (+4.99%), Air Mauritius Ltd (+3.64%) and Mauritius Union Assurance Co. Ltd (+2.77%). The worst performers were: Le Meritt Holdings Ltd (-5.78%), Bramer Banking Corporation Ltd (-4.51%), Caudan Development Ltd (-3.28%), Mauritius Oil Refineries Ltd (-2.65%) and United Basalt Products Ltd (-2.47%).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=