Business Magazine

Market witnesses heavy trading during the week

u003cp align=left\u003eu003cstrongu003eThe local stock market was characterized by heavy trading during the week under review (21-28 July 2014).u003c/strongu003eu003cstrongu003eThe SEMDEX and the SEMTRI rose 0.66% at the end of these days.u003c/strongu003eu003c/pu003eu003cpu003eSome 61 million shares were exchanged for a total value of Rs 279.7 million and the top five trading securities were: State Bank of Mauritius Ltd (SBM), New Mauritius Hotels Ltd (NMHL), MCB Group Limited (MCBG), Lux Island Resorts Ltd and CIEL Limited (CIEL). They were exchanged for a total value of Rs 53.9 million, Rs 44.8 million, Rs 38.5 million, Rs 27.8 million and Rs 24.6 million. The shares of SBM, NMHL, MCBG, Lux and CIEL closed at Rs 1.06, Rs 87.25, Rs 213, Rs 47.00 and Rs 6.90 on Monday 28u003csupu003ethu003c/supu003e July 2014.u003c/pu003eu003cpu003eThe All share index, SEMDEX, closed the session of Monday 28u003csupu003ethu003c/supu003e July 2014 at 2,089.63 points, registering a gain of 13.77 points in one week. The Total Return Index, SEMTRI, closed the same session at 6,760.51 points against 6,715.97. The SEM-7 index, which comprises the seven largest and most liquid stocks, closed at 402.48 points. At market close on Monday, market capitalisation stood Rs 229.8 billion. Net foreign investments (Purchases-Sales) stood at Rs 180 million at market close on Monday 28u003csupu003ethu003c/supu003e July 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, 14 moved up during the week, 24 remained stable and 11 went down. The best performing stocks for the week were: Dale Capital Group Ltd (+16.67%), Bramer Banking Corporation Ltd (+3.26%), NewGold Securities (+2.89%), Vivo Energy Mauritius Ltd (+2.84%) and Innodis Ltd (+2.73%). The worst performers were: Go Life International PCC (-20%), Compagnie des Magasins Populaires Ltée (-5.56%), Promotion and Development Ltd (-2.69%), CIM Financial Services Ltd (-1.84%) and POLICY Ltd (-1.53%).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=