Business Magazine

The DEMTRI sets a new record

u003cp align=center\u003eu003cstrongu003eThe local stock market was marked by a good performance of indices on the Development u0026amp; Enterprise Market during the week under review (24-31 July 2017). The DEMTRI closed the session of Monday 31u003csupu003estu003c/supu003e July 2017 at a new record level of 286.35 points.u003c/strongu003eu003c/pu003eu003cpu003eThe DEMTRI closed the session of Monday at its highest level of 286.35 points. Since the start of 2017, the DEMTRI has achieved a growth of 7.77%. The DEMEXended the same session at 214.98 points, growing by 5.71% on a year-to-date basis. A total volume of 30 million shares for a total value of Rs 749.3 million has been traded during the week. The ten best performers in terms of total return since the start of 2017 are: COVIFRA Ltée, Quality Beverages Ltd, The Bee Equity Partners Ltd, ABC Motors Company Ltd, Medical u0026amp; Surgical Centre Ltd, EUDCOS Ltd, Soap u0026amp; Allied Industries Ltd, Les Moulins de la Concorde Ltée (O), Ciel Textile Ltd and Mauritius Cosmetics Ltd. The total return varies from 16% to 175%.u003c/pu003eu003cpu003eOn the Official Market, the SEMTRI ended Mondayu0026rsquo;s session at 7,741.96 points, gaining 46.01 points in one week. The SEMDEX ended the same session at 2,185.27 points. On a year-to-date basis, the SEMTRI and the SEMDEX have grown by 22.71% and 20.84% respectively. The SEM-10 Index, which comprises the ten largest and most liquid stocks, closed at 426.48 points. The SEM sustainability index, SEMSI, ended the same day at 118.21 points. At market close of Monday, the total market capitalisation of the SEM-ASI constituents stood at Rs 319.75 billion.u003c/pu003eu003cpu003eTotal transactions amounted to Rs 140.9 million during the week. The top five trading securities were: MCB Group Limited (MCBG), MCB Group Limited Notes (MCBG Notes), SBM Holdings Ltd (SBMH), Sun Limited and ENL Land Ltd.They were exchanged for a total value of Rs 45.3 million, Rs 17.6 million, Rs 15.6 million, Rs 10.4 million and Rs 5.7 million respectively. The shares of MCBG, MCBG Notes, SBMH, SUN and ENL Land closed at Rs 269.00, Rs 1,059.72, Rs 7.66, Rs 41.00 and Rs 47.20 on Monday 31u003csupu003estu003c/supu003e July 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, 16 moved up during the week, 39 remained stable and 9 went down. The best performing stocks for the week were: IBL Ltd (+11.11%), Belle Mare Holding Ltd (+8.79%), CMPL Ltée (+8.75%), BlueLife Limited (+5.61%) and Mauritius Oil Refineries Ltd (+3.57%).The worst performers were: Grit Real Estate Income Group Limited (-7.38%), Sun Limited (-4.65%), Vivo Energy Mauritius Ltd (-3.11%), MCB Group Ltd (-2.18%) and CIM Financial Services Ltd (-1.92%).u003c/pu003eu003cpu003eOn the international front, the Dow Jones Industrial Average gain 1.16% whilst the NASDAQ went down 0.20% one week. In Europe, the DAX and the FTSE-100 went down 0.63% and 1.13% respectively during the week. On the other hand, the CAC gain 0.27%% during the same period.u003c/pu003eu003cp align=center\u003eu003cstrongu003eThe following data highlights the ten best performing stocks in terms of total return since the start of 2017 on the stock exchange.u003c/strongu003eu003c/pu003eu003ctable align=center border=