Business Magazine

Market maintains its upward momentum

u003cpu003eu003cstrongu003eThe stock market pursued on its growth path during the week under review (9-16 December 2013). The SEMTRI and the SEMDEX finished up 1.23% at the end of these days.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, gained 80.07 points during the last five sessions and closed the session of Monday 16 December 2013 at a new record high of 6,591.27 points. The All-share index, SEMDEX, ended the same session at 2,072.95 points, reaching its highest level for 2013. Since the start of 2013, the SEMTRI and the SEMDEX has registered double digit growth of 22.87% and 19.68%, respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 403.09 points. At market close on Monday, market capitalisation reached an all-time high of Rs 210.62 billion.u003c/pu003eu003cpu003eTotal transactions for the week under review amounted to Rs 211.7 million and the most traded securities during the last five sessions were mainly: The Mauritius Commercial Bank Ltd (MCB), United Docks Ltd (UTDL), New Mauritius Hotels Ltd (NMHL), State Bank of Mauritius Ltd (SBM) and ENL Land Ltd. They were exchanged for a total value of Rs 102.7 million, Rs 25.1 million, Rs 18.6 million, Rs 11.4 million and Rs 9.3 million, respectively. The shares of MCB, UTDL, NMHL, SBM and ENL Land closed at Rs 206.00, Rs 72.00, Rs 90.00, Rs 1.05 and Rs 51.50, respectively, on Monday 16 December 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 21 moved up during the week, 19 remained stable and 5 went down. The best performing stocks for the week were: New Mauritius Hotels Ltd (+8.11%), CIM Financial Services Ltd (+7.77%), ENL Commercial Ltd (+5.26%), United Docks Ltd (+3.60%) and Swan Insurance Co. Ltd (+3.45%). The worst performers were: Plastic Industry (Mtius) Ltd (-6.67%), Ireland Blyth Ltd (-0.99%), Terra Mauricia Ltd (-0.76%), Rogers u0026amp; Co. Ltd (-0.51%) and MDIT Ltd (-0.34%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of total return since the beginning of 2013.u003c/pu003eu003ctable align=center border=1 cellpadding=