Business Magazine

Market ends week down

u003cpu003eu003cstrongu003eThe local stock market finishedu003c/strongu003eu003cstrongu003ethe week under review (8-15 July 2013) on a negative note. u003c/strongu003eu003cstrongu003eThe SEMDEX went down by 0.94% while the SEMTRI fell 0.66%.u003c/strongu003eu003c/pu003eu003cpu003eThe total return index, SEMTRI closed the session of Monday 15 July 2013 at 5,827.80 points against 5,866.41 points a week earlier. The SEMTRI has registered a growth of 8.64% since the start of 2013. The All-share index, SEMDEX, closed the session of Monday at 1,859.38 points and has grown by 7.35% on a year-to-date basis. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 362.08 points. At market close on Monday, market capitalisation reached Rs 188.92 billion. Foreign investorsu0026rsquo; exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 806.21 million.u003c/pu003eu003cpu003eTotal turnover for the week amounted to Rs 129.9 million. The top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), New Mauritius Hotels Ltd (NMHL), State Bank of Mauritius Ltd (SBM), Ireland Blyth Ltd (IBL) and Alteo Ltd. They were exchanged for a total value of Rs 59.2 million, Rs 17.5 million, Rs 10.4 million, Rs 6.8 million and Rs 6.8 million, respectively, during this time frame. The shares of MCB, NMHL, SBM, IBL and Alteo closed at Rs 181.50, Rs 65.25, Rs 1.02, Rs 86 and Rs 34.20, respectively, on 15 July 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 7 moved up during the week, 16 remained stable and 21 went down. The best performing stocks for the week were: Go Life International PCC (+66.67%), Mauritius Stationery Manufacturers Ltd (+3.47%), Belle Mare Holding Ltd (+3%), Bramer Banking Corporation Ltd (+2.45) and Harel Mallac Ltd (+1.74%). The worst performers were:Compagnie des Magasins Populaires Ltée (-13.04%), ENL Commercial Ltd (-8.51%), ENL Land Ltd (P) (-8.16%), POLICY Ltd (-7.81%) and ENL Land Ltd (-7.61%).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=