Business Magazine

The stock market starts 2014 on a positive note

u003cpu003eu003cstrongu003eThe stock market registered solid gains during the week under review (30 December 2013-6 January 2014), pushing the SEMTRI and the SEMDEX to new highs. These two indices rose by 1.41% and 1.36 respectively during this time frame.u003c/strongu003eu003c/pu003eu003cpu003eThe main index, SEMDEX, soared to an all-time high of 2,119.95 points on Monday 6u003csupu003ethu003c/supu003e January 2014, beating its previous record of 2,113.61 points achieved on 16u003csupu003ethu003c/supu003e May 2011. The Total Return Index, SEMTRI, closed the same session at anew all-time high of 6,751.19 points, gaining 94.11 points during the week. The SEM-7 index, which comprises the seven largest and most liquid stocks,closed at 407.30points onMonday. At market close on Monday, market capitalisation reached an all-time high of Rs 215.39 billion.u003c/pu003eu003cpu003eTotal transactions for the week under review amounted to Rs 63.3 million and the most traded securities during the last five sessions were mainly: State Bank of Mauritius Ltd (SBM), Alteo Ltd, The Mauritius Commercial Bank Ltd (MCB), Bramer Banking Corporation Ltd (BBCL) and New Mauritius Hotels Ltd (NMHL). They were exchanged for a total value of Rs 19.1 million, Rs 13.5 million, Rs 10.4 million, Rs 4.7 million and Rs 3.4 million, respectively. The shares of SBM, Alteo, MCB, BBCL and NMHL closed at Rs 1.05, Rs 36.65, Rs 213.00, Rs 8.24 and Rs 90.00, respectively, on Monday 6 January 2014.u003c/pu003eu003cpu003eAn analysis of the evolution of the prices of listed stocks indicates that out of the 45 stocks figuring on the Official List, 18 moved up during the week, 23 remained stable and 4 went down. The best performing stocks for the week were: Phoenix Beverages Ltd (+10.65%), Gamma-Civic Ltd (+9.71%), Bramer Banking Corporation Ltd (+9.28%), ENL Commercial Ltd (+6.67%) and Automatic Systems Ltd (+6.09%). The worst performers were:Plastic Industry (Mtius) Ltd (-5.19%), Innodis Ltd (-1.92%), Alteo Ltd (-0.95%) and Rogers u0026amp; Co. Ltd (-0.75%).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=