Business Magazine

Market ends week down

  • Business Magazine

    • u003cpu003eu003cstrongu003eThe local stock market ended down the week under review (13-20 January 2014). The SEMDEX and the SEMTRI lost 0.22% and 0.21% respectively over the week.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, lost 14.28 points during the week to close the session of Monday 20u003csupu003ethu003c/supu003e January 2014 at 6,774.29 points. The main index, SEMDEX, closed the samesession at 2,126.57 points. On a year-to-date basis, the SEMTRI and the SEMDEX have grown by 1.50% and 1.47% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks,closed at 409.04points onMonday. At market close on Monday, market capitalisation reached Rs 220.71 billion.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 170 million during the week. The top five trading securities were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Innodis Ltd, New Mauritius Hotels Ltd (NMHL) and Sun Resorts Ltd (SUN). They wereexchanged for a total value of Rs 53.6 million, Rs 33 million, Rs 28.6 million, Rs 9.1 million and Rs 8.4 million. The shares of MCB, SBM, Innodis, NMHL and SUN closed at Rs 216.00, Rs 1.06, Rs 51.50, Rs 91.25 and Rs 46.00 on Monday 20u003csupu003ethu003c/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, 10 moved up during the week, 19 remained stable and 17 went down. The best performing stocks for the week were: Caudan Development Ltd (+3.39%), Sun Resorts Ltd (+3.37%), CIM Financial Services Ltd (+2.43%), POLICY Ltd (+2.41%) and Vivo Energy Mauritius Ltd (+1.32%). The worst performers were:Bluelife Limited (-7.27%), ENL Commercial Ltd (-5.16%), Le Meritt Holdings Ltd (-4.78%), Swan Insurance Co. Ltd (-3.17%) and United Docks Ltd (-2.78%).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=