Business Magazine

Market closes on a positive note

u003cp align=left\u003eu003cstrongu003eThe local stock market finished on a positive note the week under review (23 February-2 March 2015). The SEMDEX and the SEMTRI grew by 0.60% and 0.61% respectively at the end of the days under review.u003c/strongu003eu003c/pu003eu003cpu003eThe All-share index, SEMDEX, closed the session of Monday 2u003csupu003endu003c/supu003e March 2015 at 2,018.65 points, gaining 12.08 points during the week. The Total Return Index, SEMTRI, ended the same session at 6,619.66 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 381.04 points. The market capitalisation stood Rs 224.4 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 271.5 million during the week. The top five traded securities during the week were: MCB Group Limited (MCBG), Terra Mauricia Ltd (TERA), Rockcastle Global Real Estate Co. Ltd (ROCK), SBM Holdings Ltd (SBMH) and ENL Land Ltd. They were exchanged for a total value of Rs 166.4 million, Rs 22.1 million, Rs 16.8 million, Rs 13 million and Rs 6 million. The shares of MCBG, TERA, ROCK, SBMH and ENL Land closed at Rs 205.00, Rs 33.50, USD 2.45, Rs 1.01 and Rs 50.50 on 2u003csupu003endu003c/supu003e March 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, 15 moved up during the week, 18 remained stable and 18 went down. The best performing stocks for the week were: BlueLife Limited (+13.79%), Terra Mauricia Ltd (+9.84%), Alteo Ltd (+6.55%), CIM Financial Services Ltd (+5.05%) and Air Mauritius Ltd (+4.14%). The worst performers were: Go Life International PCC (-20%), Gamma-Civic Ltd (-7.32%), New Mauritius Hotels Ltd (-5.90%), Bramer Banking Corporation Ltd (-2.55%) and Caudan Development Ltd (-2.24%).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=