Business Magazine

Market slides during the week

u003cpu003eu003cstrongu003eThe local stock market slid during the week (11-18 July 2016). The SEMDEX and the SEMTRI went down -0.85% and -0.19% respectively at the end of the days under review.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, closed the session of Monday 18 July 2016 at 5,988.34 points, losing 11.65 points in one week. The All-share index, SEMDEX, closed the same session at 1,742.09 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 335.40 points. The SEM sustainability index, SEMSI, ended the same day at 98.33 points. The market capitalisation stood at Rs 207.94 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 208.3 million. The top five traded securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL), New Mauritius Hotels Ltd (NMHL) and Rogers u0026amp; Co. Ltd (ROGE). They were exchanged for a total value of Rs 121.6 million, Rs 19.8 million, Rs 11.9 million, Rs 9.9 million and Rs 6.6 million respectively. The shares of MCBG, SBMH, CIEL, NMHL and ROGE closed at Rs 207.00, Rs 0.63, Rs 6.14, Rs 21.00 and Rs 28.45 on Monday 18 July 2016.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 63 stocks figuring on the Official List, 12 moved up during the week, 35 remained stable and 16 went down. The best performing stocks for the week were: Air Mauritius Ltd (+13.64%), POLICY Ltd (+6.29%), ENL Commercial Ltd (+4.20%), Plastic Industry (Mauritius) Ltd (+3.33%) and Mauritius Oil Refineries Ltd (+3.09%). The worst performers were: Fincorp Investment Ltd (-3.31%), New Mauritius Hotels Ltd (P) (-3%), Alteo Ltd (-2.59%), MCB Group Ltd (-2.59%) and BlueLife Ltd (-2.38%).u003c/pu003eu003cp align=center\u003eu003cstrongu003eThe following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.u003c/strongu003eu003c/pu003eu003ctable align=center border=