Business Magazine

Market finishes on a positive note

u003cpu003eu003cstrongu003eThe local market finished the week on a positive noteu003c/strongu003eu003cstrongu003e. The SEM-ASI lost -0.13% whereas the SEMTRI gained 0.27% at the end of the days under review (3 – 10 October 2016).u003c/strongu003eu003c/pu003eu003cpu003eThe all share index, SEM-ASI ended the session of Monday 10 October 2016 at 1,851.79 points. The SEMTRI-ASI, launched on Monday 10 October 2016, closed at 6,324.18 points. The SEMDEX closed the same session at 1,837.52 points against 1,832.49 points last Monday. The Total Return Index, SEMTRI, closed the session of Monday at 6,328.82 points, registering a gain of 17.31 points in one week. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 351.40 points. The SEM sustainability index, SEMSI, ended the same day at 103.02 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 336 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 168 million during the week. The top five trading securities were: MCB Group Ltd (MCBG), CIEL Limited, SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL) and Mauritius Union Assurance Co. Ltd (MUA). They were exchanged for a total value of Rs 62.5 million, Rs 29.1 million, Rs 25.1 million, Rs 11.2 million and Rs 7 million respectively. The shares of MCBG, CIEL, SBMH, NMHL and MUA closed at Rs 223.00, Rs 5.98, Rs 0.70, Rs 19.90 and Rs 63.50 on Monday 10 October 2016.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 13 moved up during the week, 40 remained stable and 11 went down. The best performing stocks for the week were: National Investment Trust Ltd (+8.95%), Lottotech Limited (+5.71%), Gamma-Civic Ltd (+2.33%), United Basalt Products Ltd (+2.30%) and Air Mauritius Ltd (+2.21%). The worst performers were: MDIT Ltd (-1.73%), Alteo Ltd (-1.46%), Rogers u0026amp; Co. Ltd (-1.07%), Caudan Development Ltd (-1.01%) and Sun Resorts Ltd (-0.87%).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=