Business Magazine

Market reaches new heights

u003cp align=left\u003eu003cstrongu003eThe local stock market maintained its upward momentum during the week under review (22-29 September 2014) and saw theu003c/strongu003eu003cstrongu003eAll share index SEMDEX and the Total Return Index SEMTRI gaining 1.67% at the end of these days. The SEMDEX, the SEMTRI and the market capitalization reached new heights during the session of Monday 29u003csupu003ethu003c/supu003e September 2014.u003c/strongu003eu003c/pu003eu003cpu003eThe All share index, SEMDEX, gained 35.38 points during the week and closed the session of Monday at its all-time high level of 2,154.58 points. The SEMTRI registered an important growth of 114.82 points in one week, closing the session of Monday 29u003csupu003ethu003c/supu003e September 2014 at a new record level of 6,991.60 points. Since the start of 2014, the SEMDEX and the SEMTRI have grown by 2.81% and 4.76% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 409.48 points. The market capitalisation stood at its highest level of Rs 236.90 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 201.8 million. The top five trading securities were: State Bank of Mauritius Ltd (SBM), MCB Group Limited (MCBG), LUX Island Resorts Ltd, New Mauritius Hotels Ltd (NMHL) and Lottotech Ltd (LOTO). They were exchanged for a total value of Rs 49.63 million, Rs 44.2 million, Rs 14.0 million, Rs 13.0 million and Rs 11.6 million. The shares of SBM, MCBG, LUX, NMHL and LOTO closed at Rs 1.07, Rs 210.50, Rs 60.00, Rs 88.75 and Rs 11.75 on Monday 29u003csupu003ethu003c/supu003e September 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 17 moved up during the week, 20 remained stable and 12 went down. The best performing stocks for the week were: ENL Land Ltd (+10%), LUX Island Resorts Ltd (+8.11%), State Bank of Mauritius Ltd (+3.88%), Innodis Ltd (+3.39%) and Alteo Ltd (+3.29%). The worst performers were: United Basalt Products Ltd (-4.76%), MCFI Ltd (-3.77%), Bramer Banking Corporation Ltd (-1.77%), United Docks Ltd (-1.43%) and Mauritian Eagle Insurance Co. Ltd (-1.28%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of total return since the beginning of 2014.u003c/pu003eu003ctable align=center border=