Business Magazine

Market finishes the week down

u003cpu003eu003cstrongu003eThe local stock market was marked by a fall in market indices during the week (2 – 9 May 2016). u003c/strongu003eu003cstrongu003eThe SEMDEX and the SEMTRI went down -0.37% at the end of the days under review.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, ended the session of Monday 9 May 2016 at 6,030.04 points, registering a fall of 22.48 points in one week. The All-share index, SEMDEX, closed the same session at 1,778.07 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, finished at 342.04 points. The SEM sustainability index, SEMSI, completed the same day at 99.23 points. The market capitalisation stood at Rs 201.11 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 146.7 million. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), LUX* Island Resorts Ltd (LUX*), Ireland Blyth Ltd (IBL) and Rockcastle Global Real Estate Company Ltd (ROCK). They were exchanged for a total value of Rs 31.4 million, Rs 17.3 million, Rs 16.2 million, Rs 15.5 million and Rs 11.3 million respectively. The shares of MCBG, SBMH, LUX*, IBL and ROCK closed at Rs 211, Rs 0.65, Rs 59.50, Rs 118.75 and USD 2.37 on Monday 9 May 2016.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 59 stocks figuring on the Official List, 9 moved up during the week, 30 remained stable and 20 went down. The best performing stocks for the week were: Lottotech Ltd (+5.11%), Rockcastle Real Estate Co. Ltd (+2.60%), Sun Limited (+2.19%), SBM Holdings Ltd (+1.56%) and United Basalt Products Ltd (+1.22%). The worst performers were: Swan General Ltd (-6.83%), Air Mauritius Ltd (-4.41%), Automatic Systems Ltd (-4.08%), United Docks Ltd (-3.36%) and Alteo Ltd (- 2.74%).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=