Business Magazine

The SEM wins the “Most Innovative African Stock Exchange of the year Award”

u003cpu003eu003cstrongu003eThe Stock Exchange of Mauritius secures the Award for the u0026ldquo;Most Innovative African Stock Exchangeu0026rdquo; for 2015 and joins the UN Sustainable Stock Exchanges (SSE).u003c/strongu003eu003c/pu003eu003cpu003eThe Stock Exchange of Mauritius (SEM) has won for the third time in five years, the u0026quot;Most Innovative African Stock Exchange of the year Awardu0026quot; at the Institutional Investment Capital Market Awards 2015 organized by Africa investor (Ai), a leading international research and communication group. The Award was presented to the SEM at Thomson Reuters in New York on 25u003csupu003ethu003c/supu003e September 2015. Furthermore, after launching the SEM Sustainability Index (SEMSI) earlier this month, the SEM has joined the United Nationu0026rsquo;s (UN) Sustainable Stock Exchanges initiative (SSE) as a Partner Exchange.u003c/pu003eu003cpu003eFor the week, the local market was marked by a slight fall in the indices. The Total Return Index, SEMTRI, closed the session of Monday 28u003csupu003ethu003c/supu003e September 2015 at 6,386.61 points, losing 0.28% during the week. The All-share index, SEMDEX, closed the same session at 1,913.82 points. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 365.09 points. The SEM sustainability index, SEMSI, ended at 98.95 points. The market capitalisation stood at Rs 213.13 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 208.1 million during the week. The top traded companies were: MCB Group Ltd (MCBG), New Mauritius Hotels Ltd (NMHL), SBM Holdings Ltd (SBMH), CIEL Limited (CIEL) and LUX* Island Resorts Ltd (Lux). They were exchanged for a total value of Rs 94.5 million, Rs 35.1 million, Rs 20.1 million, Rs 13.7 million and Rs 7 million. The shares of MCBG, NMHL, SBMH, CIEL Limited and LUX* closed at Rs 207.00, Rs 18.00, Rs 0.85, Rs 6.64 and Rs 62.50 on Monday 28u003csupu003ethu003c/supu003e September 2015.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 53 stocks figuring on the Official List, 10 moved up during the week, 28 remained stable and 15 went down. The best performing stocks for the week were: Fincorp Investment Ltd (+4.74%), Gamma-Civic Ltd (+3.70%), Air Mauritius Ltd (+3%), ENL Commercial Ltd (+2.50%) and Ireland Blyth Ltd (+2.46%). The worst performers were: MCFI Ltd (-3.93%), Sun Resorts Ltd (-3.90%), Innodis Ltd (-3.13%), Omnicane Ltd (-2.14%) and New Mauritius Hotels Ltd (P) (-1.79%).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=