Business Magazine

Market’s slide continues during the week

u003cpu003eu003cstrongu003eThe local stock market continued its downward trend during the week under review (9-16 March 2015). u003c/strongu003eu003cstrongu003eThe SEMDEX and the SEMTRI went down -1.26% at the end of the days under review.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, closed the session of Monday 16u003csupu003ethu003c/supu003e March 2015 at 6,469.99 points, losing 82.65 points in one week. The All share index, SEMDEX, ended the same session at 1,971.52 points (-25.18 points during the days under review). The SEM-10 index, which comprises the ten largest and most liquid stocks, finished at 372.52 points. The market capitalisation stood Rs 219.19 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 165.8 million during the week. The top five traded securities during the week were: CIM Financial Services Ltd (CIM), MCB Group Limited (MCBG), CIEL Limited (CIEL), New Mauritius Hotels Ltd (NMHL) and SBM Holdings Ltd (SBMH). They were exchanged for a total value of Rs 40.3 million, Rs 33.3 million, Rs 18 million, Rs 15.8 million and Rs 10.2 million. The shares of CIM, MCBG, CIEL, NMHL and SBMH closed at Rs 9.70, Rs 197.50, Rs 6.90, Rs 61.25 and Re 0.98 on 16u003csupu003ethu003c/supu003e March 2015.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 51 stocks figuring on the Official List, 6 moved up during the week, 24 remained stable and 21 went down. The best performing stocks for the week were: Rockcastle Global Real Estate Co. Ltd (+3.85%), Lottotech Ltd (+2.99%), CIEL Ltd (+1.77%), POLICY Ltd (+1.67%) and Ireland Blyth Ltd (+0.89%). The worst performers were: Bramer Banking Corporation Ltd (-18.92%), BlueLife Ltd (-5.26%), Air Mauritius Ltd (-5.13%), Automatic Systems Ltd (-2.67%) and Harel Mallac Ltd (-2.28%).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=