Business Magazine

SEMTRI crosses the 7,300 points

u003cpu003eu003cstrongu003eThe local stock market posted gains during the week under review (29 May – 5 June 2017) and saw the SEMTRI closing above the 7,300 points level on Friday 2u003csupu003endu003c/supu003e June 2017.u003c/strongu003eu003c/pu003eu003cpu003eThe SEMTRI closed the session of Monday 5u003csupu003ethu003c/supu003e June 2017 at its record level of 7,312.20 points, growing by 63.67 points in one week. The SEMDEX ended the same session at 2,079.67 points. Since the start of 2017, the SEMTRI and the SEMDEX have achieved a growth of 15.90% and 15% respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 403.13 points. The SEM sustainability index, SEMSI, ended the same day at 113.19 points. The total market capitalisation of the SEM-ASI constituents stood at Rs 380.67 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 161.7 million during the week. The top five trading securities were: MCB Group Ltd (MCBG), SBM Holdings Ltd (SBMH), Promotion and Development Ltd, Sun Limited and Terra Mauricia Ltd (TERA). They were exchanged for a total value of Rs 74.6 million, Rs 19.8 million, Rs 8.9 million, Rs 8.4 million and Rs 6.3 million respectively. The shares of MCBG, SBMH, PAD, SUN and TERA closed at Rs 252.50, Rs 7.26, Rs 116.50, Rs 44.70 and Rs 32.10 on Monday 5u003csupu003ethu003c/supu003e June 2017.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 64 stocks figuring on the Official List, 18 moved up during the week, 34 remained stable and 12 went down. The best performing stocks for the week were: Lottotech Ltd (+16.07%), Promotion and Development Ltd (+5.91%), MCB Group Ltd (+4.34%), Sun Limited (+4.20%) and Air Mauritius Ltd (+2.11%). The worst performers were: ENL Land Ltd (P) (-5.61%), SBM Holdings Ltd (-3.71%), Caudan Development Ltd (-3.64%), ENL Land Ltd (-3.04%) and Mauritius Union Assurance Co. Ltd (-2.11%).u003c/pu003eu003cpu003eOn the Development u0026amp; Enterprise Market (DEM), at market close on Monday, the two indices, the DEMEX and the DEMTRI, closed at 211.85 points and 279.30 points respectively. A total volume of 627,450 shares for a total value of Rs 13 million has been traded during the week. The ten best performers in terms of annualised return since listing are: ABC Banking Corporation, Margarine Industries Ltd, United Bus Service Ltd, Associated Commercial Ltd, Phoenix Investment Company Ltd, ABC Motors Ltd, Livestock Feed Ltd (O), The Bee Equity Partners Ltd, Swan Life Ltd and Les Moulins de la Concorde Ltd. The total return varies from 20.69% to 42.06%.u003c/pu003eu003cpu003eOn the international front, the Dow Jones Industrial Average and the NASDAQ went up 0.60% and 1.54% respectively in one week. In Europe, the DAX, the CAC and the FTSE-100 gained 1.75%, 0.13% and 0.40% respectively during the same period.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=