Business Magazine

Market slides during the week

u003cpu003eu003cstrongu003eThe local stock market slid during the week (8-15 December 2014). The SEMDEX and the SEMTRI went down -0.85% at the end of the days under review.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, lost 58.13 points during the week, closing the session of Monday 15 December 2014 at 6,797.89 points. The All share index, SEMDEX, closed the same session at 2,079.55 points. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 389.57 points against 394.21 points last week. The market capitalisation stood at Rs 228.72 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 162.7 million. The top five trading securities were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL), LUX* Island Resorts Ltd and Sanlam Africa Core Real Estate Investments Ltd (SARE). They were exchanged for a total value of Rs 59.1 million, Rs 33.8 million, Rs 30.4 million, Rs 6.5 million and Rs 5.3 million. The shares of MCBG, SBMH, CIEL, LUX* and SARE closed at Rs 198.50, Rs 1.02, Rs 7.50, Rs 61.00 and USD 5.66 on 15u003csupu003ethu003c/supu003e December 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 50 stocks figuring on the Official List, 8 moved up during the week, 27 remained stable and 15 went down. The best performing stocks for the week were: Sanlam Africa Fund Ltd (+2.91%), Phoenix Beverages Ltd (+2.61%), Caudan Development Ltd (+0.80%), Alteo Ltd (+0.73%) and United Basalt Products Ltd (+0.64%). The worst performers were: Mauritian Eagle Insurance Co. Ltd (-5%), Bramer Banking Corporation Ltd (-4.55%), Gamma-Civic Ltd (-3.74%), Lottotech Ltd (-2.68%) and New Mauritius Hotels Ltd (-2.30%).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=