Business Magazine

Market posts gains during the week

u003cp align=left\u003eu003cstrongu003eThe local stock market ended on a positive note the week under review (13-20 July 2015). At the end of these days, the SEMDEX and the SEMTRI went up 0.55% and 0.65% respectively whereas the DEMEX and the DEMTRI progressed by 0.9% and 0.31% respectively.u003c/strongu003eu003c/pu003eu003cpu003eThe All-share index, SEMDEX, grew by 10.79 points during the week, closing the session of Monday 20u003csupu003ethu003c/supu003e July 2015 at 1,955.84 points. The Total Return Index, SEMTRI, gained 42.04 points in one week, closing the same day at 6,516.42 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 373.27 points. The market capitalisation stood at Rs 217.44 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 182.4 million during the week and the top five traded securities during the week were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL), Mauritius Union Assurance Co. Ltd (MUA) and CIM Financial Services Ltd (CIM). They were exchanged for a total value of Rs 63 million, Rs 28.5 million, Rs 27.4 million, Rs 11.1 million and Rs 7.4 million. The shares of MCBG, SBMH, NMHL, MUA and NMHL closed at Rs 215.00, Rs 0.87, Rs 19.30, Rs 72.00 and Rs 19.30 on Monday 20u003csupu003ethu003c/supu003e July 2015.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 52 stocks figuring on the Official List, 12 moved up during the week, 26 remained stable and 14 went down. The best performing stocks for the week were: New Frontier Properties Ltd (+14.29%), Belle Mare Holding Ltd (+10.93%), CIM Financial Services Ltd (+6.25%), MCB Group Ltd (+2.50%) and New Mauritius Hotels Ltd (+1.85%). The worst performers were: CMPL Ltd (-5.56%), Gamma-Civic Ltd (-4.59%), POLICY Ltd (-4.18%), Mauritius Union Assurance Ltd (-4%) and Caudan Development Ltd (-3.60%).u003c/pu003eu003cp align=left\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=