Business Magazine

Market posts gains during the week

u003cpu003eu003cstrongu003eThe local stock market ended on a positive note the week under review (22-29 April 2013). The SEMDEX and the SEMTRI went slightly up by 0.12% at the end of Mondayu0026rsquo;s session with a weekly market turnover amounting to Rs 82.6 million.u003c/strongu003eu003c/pu003eu003cpu003eThe All-share index, SEMDEX, closed at 1,907.52 points on Monday 29 April 2013, registering a growth of 10.13% since the start of 2013. The total return index, SEMTRI, closed the session of Monday at 5,921.54 points against 5,914.21 points, last week. On a year to date basis, the SEMTRI has grown by 10.39%.u003c/pu003eu003cpu003eThe SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 378.91 points. At market close on Monday, market capitalisation reached Rs 193.81 billion. Foreign investorsu0026rsquo; exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 624.2 million.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 149.7 million in one week. The top five traded securities for the week were: Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), Alteo Ltd, New Mauritius Hotels Ltd (NHML) and Lux Island Resorts Ltd. They were exchanged for a total value of Rs 26.6 million, Rs 15.9 million, Rs 10.3 million, Rs 10.2 million and Rs 3.3 million, respectively, during this time frame. The shares of MCB, SBM, Alteo, NMHL and Lux closed at Rs 189.50, Rs 1.02, Rs 37, Rs 72 and Rs 18.20, respectively, on 29 April 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 43 stocks figuring on the Official List, 15 moved up during the week, 19 remained stable and 9 went down. The best performing stocks for the week were: ENL Commercial Ltd (+6.05%), Rockcastle Global Real Estate Company Limited (+3.85%), Air Mauritius Ltd (+3.65%), The Mauritius Development Investment Trust Co. Ltd (+2.72%) and Mauritius Union Assurance Co. Ltd (+163%). The worst performers were: Dale Capital Group Ltd (-18.92%), National Investment Trust Ltd (-4.08%), State Bank of Mauritius Ltd (-1.92%), Bramer Banking Corporation Ltd (-1.89%) and ENL Land Ltd (-1.26%).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=