Business Magazine

Market ends week up in a volatile environment

  • Business Magazine

    • u003cpu003eu003cstrongu003eThe local stock market ended the week under review (24 February-3 March 2014) on a positive note, though marked by some volatility in the evolution of the indices. The SEMDEX and the SEMTRI gained a meagre 0.1% over the week.u003c/strongu003eu003c/pu003eu003cpu003eThe main index, SEMDEX, closed the session of Monday 3u003csupu003erdu003c/supu003e March 2014 at 2,084.81 points. The Total Return Index, SEMTRI, closed the same session at 6,643.11 points. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 402.06 points. At market close on Monday, market capitalisation reached Rs 223.57 billion.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 129.38 million and the top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Mauritius Union Assurance Co. Ltd, ENL Land Ltd (Pref) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 39.7 million, Rs 1.07 million, Rs 132 million, Rs 45.50 million and Rs 82.50 million. The shares of MCB, SBM, MUA, ENL Land (P) and NMHL closed at Rs 212.50, Rs 1.07, Rs 132, Rs 45.50 and Rs 82.50 on Monday 3rd March 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 48 stocks figuring on the Official List, 17 moved up during the week, 15 remained stable and 16 went down. The best performing stocks for the week were: Gamma-Civic Ltd (+13.92%), Harel Mallac Ltd (+9.09%), Automatic Systems Ltd (+6.48%), POLICY Ltd (+5.13%) and ENL Commercial Ltd (+4.57%). The worst performers were: BlueLife Limited (-5.66%), Omnicane Ltd (-4.35%), CIEL Limited (-3.87%), Bramer Banking Corporation Ltd (-2.74%) and MCFI Ltd (-2.71%).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=