Business Magazine

The Stock Exchange of Mauritius launches the SEM Sustainability Index (SEMSI)

u003cp align=left\u003eu003cstrongu003eThe Stock Exchange of Mauritius (SEM) has launched, on Monday 7u003csupu003ethu003c/supu003e September 2015, the SEM Sustainability Index (SEMSI). The SEMSI tracks the price-performance of companies listed on the Official Market and the Development u0026amp; Enterprise Market which demonstrate strong sustainability practices.u003c/strongu003eu003c/pu003eu003cpu003eSEMSI provides a robust measure of listed companies against a set of internationally aligned and locally relevant economic, environmental, social and governance criteria. It offers a useful tool for domestic and international investors with an appetite for responsible investment in frontier markets to consider SEMSI sustainable companies as potential investible companies. SEMSI also fits withGovernmentu0026rsquo;s vision for a sustainable Mauritius.u003c/pu003eu003cpu003eBy setting up SEMSI, the SEM has embraced a leading role in creating a more sustainable capital market and in promoting responsible investment. The total market capitalization of SEMSI constituents stood at Rs 93.16 billion as at Monday 7u003csupu003ethu003c/supu003e September 2015 and opened the trading session of 8u003csupu003ethu003c/supu003e September 2015 at 100 points.u003c/pu003eu003cpu003eFor the week, the local stock market ended on a positive note. The Total Return Index, SEMTRI, closed the session of Monday 7u003csupu003ethu003c/supu003e September 2015 at 6,475.49 points gaining 40.95 points during the week. The All-share index, SEMDEX, closed the same session at 1,940.45 points against 1,930.70 points a week earlier. The SEM-10 index, which comprises the ten largest and most liquid stocks, closed at370.13 points. The market capitalisation stood at Rs 216.09 billion at market close on Monday.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 263 million during the week. The top traded companies were: MCB Group Ltd (MCBG), Sanlam Africa Core Real Estate Investments Ltd (SARE), SBM Holdings Ltd (SBMH), Phoenix Beverages Ltd (PBL) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 94.4 million, Rs 60.2 million, Rs 22.7 million, Rs 20.5 million and Rs 8.6 million. The shares of MCBG, SARE, SBMH, PBL and NMHL closed at Rs 210.00, USD 5.50, Re 0.87, Rs 400.00 and Rs 18.50 on Monday 7u003csupu003ethu003c/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, 11 moved up during the week, 29 remained stable and 13 went down. The best performing stocks for the week were: Gamma-Civic Ltd (+9.85%), MCFI Ltd (+9.05%), SBM Holdings Ltd (+3.57%), Rogers u0026amp; Co. Ltd (+2.74%) and Mauritius Union Assurance Co. Ltd (+2.13%). The worst performers were:Lottotech Ltd (-6.17%), Alteo Ltd (-2.65%), Caudan Development Ltd (-2.36%), Innodis Ltd (-2.20%) and MDIT Ltd (-1.89%).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=