Business Magazine

Market slides during the week

u003cpu003eu003cstrongu003eThe local stock market lost ground during the week under review (13-20 May 2013). The SEMDEX and the SEMTRI slid 0.49% during these days.u003c/strongu003eu003c/pu003eu003cpu003eThe total return index, SEMTRI, lost 30.04 points in one week, closing at 6,048.23 points on Monday 20 May 2013. On a year-to-date basis, the SEMTRI has grown by 12.75%. The All-share index, SEMDEX, ended last Mondayu0026rsquo;s session at 1,948.33 points, losing roughly 10 points over the week but maintaining however a growth of 12.49% since the beginning of 2013.u003c/pu003eu003cpu003eThe SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 384.63 points. On Mondayu0026rsquo;s market close, market capitalisation reached Rs 197.96 billion. Foreign investorsu0026rsquo; exposure to the local market in terms of net investment (purchases-sales) since the beginning of 2013 amounted to Rs 687.81 million.u003c/pu003eu003cpu003eTransactions totalled Rs 119.06 million during the week. The top five traded securities for the week were: State Bank of Mauritius Ltd (SBM), Mauritius Commercial Bank Ltd (MCB), ENL Land Ltd (O), New Mauritius Hotels Ltd (NHML) and Mauritian Terra Mauricia Ltd (TERA). These were exchanged for a total value of Rs 30 million, Rs 16.9 million, Rs 13.6 million, Rs 9 million and Rs 8.3 million, respectively, during this time frame. The shares of SBM, MCB, ENL Land, NMHL and TERA closed at Rs 1.04, Rs 193, Rs 48.60, Rs 71 and Rs 42 on 20 May 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 43 stocks figuring on the Official List, 16 moved up during the week, 12 remained stable and 15 went down. The best performing stocks for the week were: Mauritius Stationery Manufacturers Ltd (+5.71%), Rogers u0026amp; Co. Ltd (+5.49%), Innodis Ltd (+3.96%), United Basalt Products Ltd (+3.50%) and Mauritian Eagle Insurance Co. Ltd (+3.16%). The worst performers were: Go Life International PCC (-25%), New Mauritius Hotels Ltd (-7.79%), Bramer Banking Corporation Ltd (-5.47%), Alteo Ltd (-2.63%) and Vivo Energy Mauritius Ltd (-2.37%).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=