Business Magazine

Market ends week up

u003cp style=text-align: justify;\u003eu003cspan style=text-align: justify;\u003eThe Total Return Index, SEMTRI, closed the session of Monday 10 September 2012 at 5,170.04 points, registering a growth of 19.66 points during the week. The All-share index, SEMDEX, closed at 1,694.64 points on Monday. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 330.66 points. At market close on Monday, market capitalisation reached Rs 170.35 billion.u003c/spanu003eu003c/pu003eu003cp style=text-align: justify;\u003eTotal turnover amounted to Rs 269.4 million during the week. Shares of The Mauritius Commercial Bank Ltd (MCB), Rogers, Mauritius Union Assurance (MUA), Swan Insurance Co. Ltd (SWAN) and New Mauritius Hotels Ltd (NMHL) were exchanged for a total value of Rs 125.4 million, Rs 44.7 million, Rs 17 million, Rs 11.6 million and Rs 10.7 million, respectively, during this time frame. The shares of MCB, Rogers, MUA, SWAN and NMHL closed at Rs 163, Rs 310, Rs 120, Rs 325 and Rs 60, respectively, on Monday 10 September 2012.u003c/pu003eu003cp style=text-align: justify;\u003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 41 stocks figuring on the Official List, 8 moved up during the week, 13 remained stable and 20 went down. The best performing stocks for the week were: Bramer Banking Corporation Ltd (+8.46%), New Mauritius Hotels Ltd (+4.35%), Omnicane Ltd (+3.40%), ENL Commercial Ltd (+2.48%) and Ireland Blyth Ltd (+1.28%). The worst performers were: Caudan Development Ltd (-8%), POLICY Ltd (-6.67%), Mauritian Eagle Insurance Co. Ltd (-4.11%), MCFI Ltd (-3.45%) and MDIT Ltd (-3.06%).u003c/pu003eu003cp style=text-align: justify;\u003eOn the Development u0026amp; Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 141.15 points and 164.36 points, respectively. Market capitalization stood at Rs 42.26 billion. A total volume of 2.41 million of shares for a total value of Rs 19.39 million has been traded during the week. The ten best performers in terms of annualised total returns since their listing on the stock exchange as at Monday 10 September 2012 are: Margarine Industries Ltd, Associated Commercial, United Bus Service, Morning Light, Union Flacq Ltd, Union Sugar Estates, Chemco, Livestock Feed Ltd (O), Les Moulins de la Concorde Ltée (O) and FIDES Ltd. The total return varies from 25.39% to 54.94%.u003c/pu003eu003cp style=text-align: justify;\u003eOn the international front, financial markets ended the week on a positive note. For the week, the Dow Jones Industrial Average and the NASDAQ composite index rose 1.65 per cent and 2.26 per cent, respectively. In Europe, Germanyu0026rsquo;s DAX, Britainu0026rsquo;s FTSE and France CAC 40 gained 3.50 per cent, 1.46 per cent and 3.11 per cent, respectively, during the week.u003c/pu003eu003cp style=text-align: justify;\u003eu003ca href=/sites/www.businessmag.mu/files/uploads/1047/13.png target=_blank\u003eu003cimg alt=\ src=/sites/www.businessmag.mu/files/uploads/1047/13.png style=width: 750px; height: 188px; /u003eu003c/au003eu003c/pu003e

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