Business Magazine

Market slides during the week

u003cp align=left\u003eu003cstrongu003eThe local stock market slid during the week (25 August-1 September 2014). The SEMDEX and the SEMTRI went down -0.25% and -0.17% respectively at the end of the days under review. However, on the DEM, the DEMEX and the DEMTRI closed at their all-time high.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, lost 11.66 points during the week, closing the session of Monday 1u003csupu003estu003c/supu003e September 2014 at 6,831.95 points. The All share index, SEMDEX, ended the same session at 2,109.11 points against 2,114.30 points a week earlier. The SEM-7 index, which comprises the seven largest and most liquid stocks, finished at 400.88 points. The market capitalisation, stood at Rs 231.91 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the days under review amounted to Rs 211.7 million. The top five trading securities were: MCB Group Limited (MCBG), State Bank of Mauritius Ltd (SBM), New Mauritius Hotels Ltd (NMHL), Rogers u0026amp; Co. Ltd (ROGE) and Mauritius Commercial Bank Bonds (MCB Notes). They were exchanged for a total value of Rs 64.7 million, Rs 35.9 million, Rs 16.9 million, Rs 9.7 million and Rs 7.3 million. The shares of MCBG, SBM, NMHL, ROGE and MCB Notes closed at Rs 208.75, Rs 1.06, Rs 86.75, Rs 202.00 and Rs 1,053.07 on Monday 1u003csupu003estu003c/supu003e September 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 49 stocks figuring on the Official List, 20 moved up during the week, 17 remained stable and 12 went down. The best performing stocks for the week were: Rockcastle Real Estate Co. Ltd (+7.22%), Automatic Systems Ltd (6.67%), Caudan Development Ltd (+2.54%), ENL Ltd (P) (+2.25%) and Belle Mare Holding Ltd (+1.96%). The worst performers were: Gamma-Civic Ltd (-2.10%), United Basalt Products Ltd (-2.03%), Sanlam Africa Core Real Estate Investments Ltd (-1.72%), New Mauritius Hotels Ltd (-1.42%) and Terra Mauricia Ltd (-1.35%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of total return since the beginning of 2014.u003c/pu003eu003ctable align=center border=