Business Magazine

Market slides during the week

u003cpu003eu003cstrongu003eThe local stock market lost ground during the week under review (18-25 November 2013).u003c/strongu003eu003cstrongu003eThe SEMTRI and the SEMDEX slid 0.42% and 0.43%, respectively, at the end of these days.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, closed the session of Monday 25 November 2013 at 6,424.41 points, losing 27.13 points in one week. The All-share index, SEMDEX, closed the same session at 2,033.97 points. Since the start of 2013, the SEMTRI and the SEMDEX have grown by 19.76% and 17.43% respectively. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 397.15 points. At market close on Monday, market capitalisation amounted to Rs 206.66 billion.u003c/pu003eu003cpu003eTransactions for the week under review totalled Rs 162.2 million and the most traded securities during the last five sessions were mainly: The Mauritius Commercial Bank Ltd (MCB), State Bank of Mauritius Ltd (SBM), ENL Land Ltd, New Mauritius Hotels Ltd (NMHL) and United Basalt Products Ltd u0026ndash; Bond. They were exchanged for a total value of Rs 29.7million, Rs 11.9 million, Rs 10.6 million, Rs 9.1 million and Rs 8.9 million, respectively. The shares of MCB, SBM, ENL Land, NMHL and UBP Bond closed at Rs 204.00, Rs 1.04, Rs 51.00, Rs 83.00 and Rs 100.96 respectively on Monday 25 November 2013.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 14 moved up during the week, 13 remained stable and 18 went down. The best performing stocks for the week were: CMPL (+110.43%), National Investment Trust Ltd (+20.52%), ENL Commercial Ltd (+7.48%), Gamma-Civic Ltd (+4.48%) and Harel Mallac Ltd (+2.86%). The worst performers were: Automatic Systems Ltd (-9.45%), MCFI Ltd (-7.48%), Le Meritt Holdings Ltd (-7.18%), New Mauritius Hotels Ltd (-4.60%) and New Gold Issuer Limited (-3.37%).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=1 cellpadding=