Business Magazine

Market finishes down during the week

u003cpu003eu003cstrongu003eThe local market was marked by a drop of the market indices during the week under review (3-10 February 2014).u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, lost 0.27% during the days under review closing the session of Monday 10u003csupu003ethu003c/supu003e February 2014 at 6,588.84 points whereas the main index, SEMDEX, closed the same session at 2,067.78 points against 2,074.05 points a week earlier (-0.3%). The SEM-7 index, which comprises the seven largest and most liquid stocks,ended at 398.61points onMonday. At market close on Monday, market capitalisation reached Rs 224.3 billion.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 213.5 million and the top five trading securities during the week were: The Mauritius Commercial Bank Ltd (MCB), CIEL Limited (CIEL), State Bank of Mauritius Ltd (SBM), New Mauritius Hotels Ltd (NMHL) and ENL Land Ltd (SAVA). They wereexchanged for a total value of Rs 82.3 million, Rs 35 million, Rs 33 million, Rs 10.9 million and Rs 8.9 million respectively. The shares of MCB, CIEL, SBM, NMHL and SAVA closed at Rs 208.75, Rs 7.20, Rs 1.06, Rs 83.25 and Rs 47.80 respectively on Monday 10u003csupu003ethu003c/supu003e February 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 47 stocks figuring on the Official List, 9 moved up during the week, 23 remained stable and 15 went down. The best performing stocks for the week were: Air Mauritius Ltd (+5%), State Bank of Mauritius Ltd (+3.92%), Vivo Energy Mauritius Ltd (+3.16%), Mauritius Union Assurance Co. Ltd (+1.55%) and ENL Commercial Ltd (+1.38%). The worst performers were:BlueLife Limited (-7.63%) Fincorp Investment Ltd (-3.04%), Sun Resorts Ltd (-2.84%), Gamma-Civic Ltd (-2.78%) P. O. L. I. C. Y Ltd (-2.44%).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=