Business Magazine

Market’s slide continues during the week

u003cpu003eu003cstrongu003eThe local stock market ended in negative territory the week under review (20-27 October 2014). The SEMDEX and the SEMTRI dropped 0.33% at the end of these days.u003c/strongu003eu003c/pu003eu003cpu003eThe Total Return Index, SEMTRI, lost 23.17 points during the week, closing the session of Monday 27u003csupu003ethu003c/supu003e October 2014 at 6,916.50 points. The All share index, SEMDEX, ended the same session at 2,129.87 points against 2,137.01 points last Monday. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at 402.10 points. The market capitalisation stood Rs 233.83 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions during the week amounted to Rs 219.5 million. The top five trading securities were: MCB Group Limited (MCBG), SBM Holdings Ltd (SBMH), Mauritian Eagle Insurance Co. Limited (MEI), New Mauritius Hotels Ltd (NMHL) and Ireland Blyth Ltd (IBL). They were exchanged for a total value of Rs 93 million, Rs 17.9 million, Rs 12.8 million, Rs 12.5 million and Rs 8.9 million. The shares of MCBG, SBMH, MEI, NMHL and IBL closed at Rs 209, Rs 1.04, Rs 116, Rs 88 and Rs 115 on Monday 27u003csupu003ethu003c/supu003e October 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, 7 moved up during the week, 29 remained stable and 13 went down. The best performing stocks for the week were: ENL Commercial Ltd (+1.10%), Sun Resorts Ltd (+0.99%), Phoenix Beverages Ltd (+0.94%), New Mauritius Hotels Ltd (+0.57%) and Lottotech Ltd (+0.44%). The worst performers were: Rogers u0026amp; Co. Ltd (-2.31%), Belle Mare Holding (-1.67%), Air Mauritius Ltd (-1.41%), Fincorp Investment Ltd (-1.38%) and Omnicane Ltd (-1.16%).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=