Business Magazine

Market dips slightly

u003cpu003eu003cstrongu003eThe local market u003c/strongu003eu003cstrongu003elost ground u003c/strongu003eu003cstrongu003eduring the week under review (23-30 September 2013). u003c/strongu003eu003cstrongu003eThe SEMDEX and the SEMTRI slid 0.14% during these days.u003c/strongu003eu003c/pu003eu003cpu003eThe total return index, SEMTRI closed the session of Monday 30 September 2013 at 6,185.79 points whereas the All-share index, SEMDEX, ended at 1,961.38 points. Since the start of 2013, the SEMTRI and the SEMDEX have grown by 15.31% and 13.24% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 381.28 points. At market close on Monday, market capitalisation reached Rs 199.28 billion. Foreign investorsu0026rsquo; exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 reached Rs 570.04 million.u003c/pu003eu003cpu003eTotal transactions for the week under review amounted to Rs 158.7 million and the top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), Phoenix Beverages Ltd (PBL), New Mauritius Hotels Ltd (NMHL), Rogers u0026amp; Co. Ltd and Alteo Ltd. They were exchanged for a total value of Rs 68.5 million, Rs 19.1 million, Rs 17.5 million, Rs 10 million and Rs 6.5 million, respectively, during this time frame. The shares of MCB, PBL, NMHL, Rogers and Alteo closed at Rs 193.50, Rs 190, Rs 80, Rs 192 and Rs 35.50, respectively, on Monday 30 September 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 13 moved up during the week, 17 remained stable and 15 went down. The best performing stocks for the week were: Mauritius Union Assurance Co. Ltd (+5.79%), Automatic Systems Ltd (+5%), Mauritian Eagle Insurance Co. Ltd (+3.16%), Bramer Banking Corporation Ltd (+2.87%) and Rogers u0026amp; Co. Ltd (+1.59%). The worst performers were: ENL Commercial Ltd (-6.96%), Phoenix Beverages Ltd (-5%), MDIT Ltd (-4.76%), National Investment Trust Ltd (-4.73%) and Harel Mallac Ltd (-3.51%).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=1 cellpadding=