Business Magazine

Market ends week down

u003cpu003eu003cstrongu003eThe local stock market was marked by a fall in market indices during the week (22 – 29 May 2017). u003c/strongu003eu003cstrongu003eThe SEM-ASI and the SEMTRI-ASI went down -0.34% and -0.12% respectively at the end of the days under review.u003c/strongu003eu003c/pu003eu003cpu003eThe SEMTRI closed the session of Monday 29u003csupu003ethu003c/supu003e May 2017 at 7,248.53 points, losing 14.96 points in one week. The SEMDEX ended the same session at 2,061.68 points. Since the start of 2017, the SEMTRI and the SEMDEX have achieved a growth of 14.89% and 14.01% respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 400.28 points. The SEM sustainability index, SEMSI, ended the same day at 109.97 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 378.74 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 160.6 million during the week and the top five trading securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), Alteo Ltd, Sanlam Africa Core Real Estate Investments Ltd (SARE) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 56.5 million, Rs 17.6 million, Rs 11.6 million, Rs 10.8 million and Rs 9.2 million respectively. The shares of MCBG, SBMH, Alteo, SARE and NMHL closed at Rs 242.00, Rs 7.54, Rs 34.25, USD 3.50 and Rs 22.50 on Monday 29u003csupu003ethu003c/supu003e May 2017.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 17 moved up during the week, 32 remained stable and 15 went down. The best performing stocks for the week were: United Docks Ltd (+5%), Caudan Development Ltd (+3.77%), Lottotech Ltd (+3.70%), CIEL Ltd (+3.21%) and Vivo Energy Mauritius Ltd (+3.07%). The worst performerswere: MCB Group Ltd (-3.20%), POLICY Ltd (-2.49%), New Mauritius Hotels Ltd (P) (-2.04%), Phoenix Beverages Ltd (-1.60%) and National Investment Trust Limited (-1.46%).u003c/pu003eu003cpu003eOn the Development u0026amp; Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 214.22 points and 282.43 points respectively. Market capitalisation stood at Rs 49.85 billion. A total volume of 5.6 million shares for a total value of Rs 59.5 million has been traded during the week. The ten best performers in terms of annualised return since listingare: ABC Banking Corporation, Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, ABC Motors Ltd, Swan Life Ltd, Phoenix Investment Company Ltd, Livestock Feed Ltd (O), The Bee Equity Partners Ltd and Les Moulins de la Concorde Ltd. The total return varies from 20.32% to 42.76%.u003c/pu003eu003cpu003eOn the international front, the Dow Jones Industrial Average and the NASDAQ went up 1.32% and 2.08% respectively in one week. In Europe, the DAX went down 0.29% whereas the CAC and the FTSE-100 gained 0.23% and 1.03% respectively during the same period.u003c/pu003eu003cp align=center\u003eu003cstrongu003eThe following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.u003c/strongu003eu003c/pu003eu003ctable align=center border=