Business Magazine

Market registers gains

u003cpu003eu003cstrongu003eThe local stock market registered modest gains during the week under review (15-22 July 2013). The SEMDEX and the SEMTRI slightly moved up (+0.31%) at the end of these days.u003c/strongu003eu003c/pu003eu003cpu003eThe total return index, SEMTRI, ended the session of Monday 22u003csupu003endu003c/supu003e July 2013 at 5,845.79 points against 5,827.80 points a week earlier. The All-share index, SEMDEX, closed Mondayu0026rsquo;s session at 1,865.12 points. The SEMTRI and the SEMDEX have registered a growth of 8.98% and 7.68% respectively on a year-to-date basis. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 364.66 points. At market close on Monday, market capitalisation reached Rs 189.50 billion. Foreign investorsu0026rsquo; exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 859.16 million.u003c/pu003eu003cpu003eTotal turnover for the week amounted to Rs 102.8 million. The top five traded securities for the week were: The Mauritius Commercial Bank Ltd (MCB), Sun Resorts Ltd (SRL), State Bank of Mauritius Ltd (SBM), Innodis and Lux Island Resorts Ltd (LUX). They were exchanged for a total value of Rs 17.5 million, Rs 17.2 million, Rs 15.1 million, Rs 14.6 million and Rs 7 million, respectively, during this time frame. The shares of MCB, SRL, SBM, Innodis and Lux closed at Rs 186.50, Rs 29.50, Rs 1.02, Rs 47.80 and Rs 21.80, respectively, on 22u003csupu003endu003c/supu003e July 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 44 stocks figuring on the Official List, 8 moved up during the week, 22 remained stable and 14 went down. The best performing stocks for the week were: Compagnie des Magasins Populaires Ltée (+15%), POLICY Ltd (+5.76%), Sun Resorts (+4.98%),Mauritius Commercial Bank Ltd (+2.75%) and Caudan Development (+0.94%). The worst performers were:Go Life International PCC (-20%), Promotion and Development Ltd (-5%), Bramer Banking Corporation (-2.99%), Ireland Blyth (-2.33%) and Harel Mallac Ltd (-1.71).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=