Business Magazine

Market ends in negative territory

u003cp align=left\u003eu003cstrongu003eThe local stock market closed the week in negative territory.u003c/strongu003eu003cstrongu003eThe SEMDEX and the SEMTRI finished -0.41% and -0.36% respectively at the end of the days under review u003c/strongu003eu003cstrongu003e(6-13 October 2014).u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, ended at 6,993.46 points on Monday 13u003csupu003ethu003c/supu003e October 2014, losing 24.96 points in one week. The All-share index, SEMDEX, lost 8.96 points during the week and closed the same session at 2,153.89 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 408.09 points. The market capitalisation stood Rs 236.83 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 289.4 million. The top five trading securities were: MCB Group Limited (MCBG), New Mauritius Hotels Ltd (NMHL), Sun Resorts Ltd (SUN), SBM Holdings Ltd (SBMH) and Rogers u0026amp; Co. Ltd (ROGE). They were exchanged for a total value of Rs 62.6 million, Rs 33.8 million, Rs 28.7 million, Rs 26.1 million and Rs 25.6 million. The shares of MCBG, NMHL, SUN, SBMH and ROGE closed at Rs 212.50, Rs 88.00, Rs 44.50, Rs 1.05 and Rs 260.00 on Monday 13u003csupu003ethu003c/supu003e October 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 50 stocks figuring on the Official List, 10 moved up during the week, 17 remained stable and 23 went down. The best performing stocks for the week were: Rogers u0026amp; Co. Ltd (+17.12%), Belle Mare Holding Ltd (+3.45%), Gamma-Civic Ltd (+3.09%), CIEL Limited (+2.13%) and Mauritius Oil Refineries Ltd (+1.82%). The worst performers were: Rockcastle Global Real Estate Co. Ltd (-10%), LUX* Island Resorts Ltd (-8.47%), Mauritius Union Assurance Ltd (-6.10%), Innodis Ltd (-4.03%) and Alteo Ltd (-3.74%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of total return since the beginning of 2014.u003c/pu003eu003ctable align=center border=