Business Magazine

Market’s slide continues during the week

u003cpu003eu003cstrongu003eThe local stock market was marked by a continued downward trend during the week under review (5-12 January 2015). The SEMDEX and the SEMTRI dropped 1.03% and 1% respectively at the end of these days.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, lost 67.89 points during the week, closing the session of Monday 12u003csupu003ethu003c/supu003e January 2015 at 6,715.78 points. The All-share index, SEMDEX, closed the same session at 2,048.76 points, registering a fall of 21.40 points in one week. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 379.98 points. The market capitalisation stood at Rs 227.77 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 186 million. The top five trading securities were: MCB Group Limited (MCBG), Phoenix Beverages Ltd (PBL), SBM Holdings Ltd (SBMH), New Mauritius Hotels Ltd (NMHL) and Gamma-Civic Ltd (GCL). They were exchanged for a total value of Rs 85.2 million, Rs 28.7 million, Rs 10.4 million, Rs 8.7 million and Rs 8.5 million. The shares of MCBG, PBL, SBMH, NMHL and GCL closed at Rs 195.00, Rs 248.00, Rs 1.01, Rs 78.00 and Rs 41.00 on 12u003csupu003ethu003c/supu003e January 2015.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 50 stocks figuring on the Official List, 7 moved up during the week, 24 remained stable and 19 went down. The best performing stocks for the week were: Compagnies des Magasins Populaires Ltée (+20%), Phoenix Beverages Ltd (+7.36%), NewGold Securities (+2.74%), Lottotech Ltd (+2.37%) and Innodis Ltd (+0.89%). The worst performers were: ENL Commercial Ltd (-10%), Automatic Systems Ltd (-7.22%), Omnicane Ltd (-4.57%), Fincorp Investment Ltd (-4.38%) and Rogers (-4.23%).u003c/pu003eu003cpu003eThe following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange.u003c/pu003eu003ctable align=center border=