Business Magazine

Market slid slightly

u003cpu003eu003cstrongu003eThe local stock market was marked by a slight fall of market indices during the week under review (17 -24 June 2013). The SEMDEX and the SEMTRI slid 0.18% and 0.17%, respectively, during these days.u003c/strongu003eu003c/pu003eu003cpu003eThe total return index, SEMTRI, closed the session of Monday 24 June 2013 at 5,980.94 points, losing 0.17% over the week. The SEMTRI has registered a growth of 11.50% since the start of 2013. The All-share index, SEMDEX, closed the same session at 1,922.44 points and has grown by 10.99% on a year-to-date basis. The SEM-7 index, which comprises the seven largest and most liquid stocks, ended at 377.21 points. At market close on Monday, market capitalisation reached Rs 195.33 billion. Foreign investorsu0026rsquo; exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 770.90 million.u003c/pu003eu003cpu003eTurnover for the week totalled Rs 144 million. The top five traded securities for the week were: Mauritius Commercial Bank Ltd (MCB), New Mauritius Hotels Ltd (NMHL), State Bank of Mauritius Ltd (SBM), Rogers u0026amp; Co. Ltd (ROGE) and Alteo Ltd. They were exchanged for a total value of Rs 62.4 million, Rs 20.9 million, Rs 11 million, Rs 8.3 million and Rs 5.7 million, respectively, during this time frame. The shares of MCB, NMHL, SBM, ROGE and Alteo closed at Rs 188, Rs 71, Rs 1.04, Rs 175 and Rs 36, respectively, on 24 June 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, 15 moved up during the week, 16 remained stable and 13 went down. The best performing stocks for the week were: ENL Commercial Ltd (+9.77%), Automatic Systems Ltd (+6.67%), ENL Land Ltd (P) (+3.30%), POLICY Ltd (+2.80%) and MDIT Ltd (+3.27%). The worst performers were: Lux Island Resorts Ltd (-5.15%), Vivo Energy Mauritius Ltd (-3.61%), Rogers u0026amp; Co. Ltd (-2.91%), Le Meritt Holdings Ltd (-2.91%) and National Investment Trust Ltd (-2.83%).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=