Business Magazine

Market ends week down

u003cpu003eu003cstrongu003eThe local market was marked by a fall in market indices during the week under review (27 January – 3 February 2014).u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, lost 1.82% during these days, closing the session of Monday 3u003csupu003erdu003c/supu003e February 2014 at 6,607 points. The main index, SEMDEX, closed the same session at 2,074.05 points against 2,112.59 points a week earlier (-1.82%). The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 395.65 points on Monday. At market close on the same day, market capitalisation reached Rs 215.3 billion.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 219.3 million and the top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), CIM Financial Services Ltd (CIM), Alteo Ltd and Terra Mauricia Ltd (TERA). They were exchanged for a total value of Rs 85.4 million, Rs 31.6 million, Rs 20 million, Rs 16 million and Rs 14.6 million, respectively. The shares of MCB, SBM, CIM, Alteo and TERA closed at Rs 207, Rs 1.02, Rs 8.14, Rs 36 and Rs 35.40, respectively, on Monday 3u003csupu003erdu003c/supu003e February 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, 7 moved up during the week, 15 remained stable and 24 went down. The best performing stocks for the week were: BlueLife Limited (+18%), NewGold Issuer Limited (+6.20%), Mauritius Oil Refineries Ltd (+4.91%), Omnicane Ltd (+2.78%) and Ireland Blyth Ltd (+1.15%). The worst performers were: Air Mauritius Ltd (-6.43%), MCFI Ltd (-5.14%), New Mauritius Hotels Ltd (-5.03%), Mauritian Eagle Insurance Co. Ltd (-4.97%) and Sun Resorts Ltd (-4.35%).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=