Business Magazine

Market records a slight growth during the week

u003cpu003eu003cstrongu003eThe local stock market was portrayed by a slight growth of the market indices during the days under review (17-24 February 2014). The SEMDEX and the SEMTRI gained a meagre 0.2% over the week.u003c/strongu003eu003c/pu003eu003cpu003eThe main index, SEMDEX, closed the session of Monday 24u003csupu003ethu003c/supu003e February 2014 at 2,084.52 points, gaining 4.12 points in one week. The Total Return Index, SEMTRI, ended the same session at 6,642.19 points against 6,629.05 points a week earlier. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 401.91 points. At market close on Monday, market capitalisation reached Rs 223.54 billion.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 372.3 million and the top five trading securities during the week were: Rockcastle Global Real Estate Company Ltd (ROCK), The Mauritius Commercial Bank Ltd (MCB), Innodis Ltd, Lux Island Resorts Ltd and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 205.5 million, Rs 44.1 million, Rs 28.3 million, Rs 23.9 million and Rs 12 million respectively. The shares of ROCK, MCB, Innodis, Lux and NMHL closed at USD 1.33, Rs 213.00, Rs 54.00, Rs 38.50 and Rs 84.00 respectively on Monday 24u003csupu003ethu003c/supu003e February 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 48 stocks figuring on the Official List, 18 moved up during the week, 18 remained stable and 12 went down. The best performing stocks for the week were: Gamma-Civic Ltd (+9.72%), Automatic Systems Ltd (+5.88%), Harel Mallac Ltd (+5%), National Investment Trust Ltd (+4.88%) and Terra Mauricia Ltd (+4.56%). The worst performers were: Bramer Banking Corporation Ltd (-6.41%), Air Mauritius Ltd (-5.11%), BlueLife Limited (-4.50%), Mauritius Oil Refineries Ltd (-3.51%) and Le Meritt Holdings Ltd (-2.99%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.u003c/pu003eu003ctable align=center border=