(Friday 22 August 2008 ) What's really happening in the Mauritian stock market is quite surprising, who would have predicted that in August, SEMDEX will be losing on 10 consecutive days and SEM-7 will pursuit nine days in red.

In the last 10 days, SEMDEX has lost 4.52 % or 79.16 pts while the blue chip index, SEM-7 has lost 5.69% or 24.6pts in the last nine days. The return on market index, SEMTRI tumbled by 4.47% or Rs 209.20 in the previous 10 days.

Today, SEMDEX closed at 1673.82 pts, down 0.22% or 9.71 pts and SEMTRI went down by Rs 3.63 to close at Rs 4, 472.76. The blue chip index settled at 407.73 pts, down 0.23% or 0.95 pts.

586, 999 shares were interchanged and the market turnover was Rs 41.4 million.

New Mauritius Hotel was the top gainer with 0.7% or Rs 1.00. The worst loser was Fincorp Investment which saw its share price plunged by 7.1% or Rs 1.10.

The biggest volume recorded was that of State Bank of Mauritius while MCB had the highest turnover.

The evolution of the various sectors were as follows: Banking, Insurance & Other Finance (down 0.37% or Rs 250.4 m), Commerce (down 0.72% or Rs 126 m), Industry (down 0.74% or Rs 36.6 m), Investments (down 0.21% or Rs 32.9 m), Leisure and Hotels (down 0.3% or Rs 116.8 m), Sugar (up 0.05% or Rs19.3 m) and Transport (Unchanged).

Evolution of share price

Gainers:

1.New Mauritius Hotel ( up 7.1% or Rs1.10)

2. P.O.L.I.C.Y( up 0.6% or 5 cents)

Losers:

1. Fincorp Investment ( down 1.6% or Rs 1.10)

2. Rogers( down 1.3% or Rs 5.00 )

3. GIDC ( down 0.9% or 20 cents)

4. Sun Resort Ltd ( down 0.6% or 50 cents)

5. MCB ( down 0.6% or Rs 1.00)


Five biggest volume traded in order

1.State Bank of Mauritius Ltd ( 136, 000 shares or 23.16% of market total)

2. Caudan Development (296,133 shares or 17.2% of market total)

3. MCB (93, 150 shares or 15.9% of market total)

4. New Mauritius Hotel (80, 700 shares or 13.7% of market total)

5. POLICY (62, 450 shares or 10.6% of market total)


Five highest value traded in order

1. Mauritius Commercial Bank Ltd ( Rs 14.4 million or 34.9% of market turnover )

2. New Mauritius Hotel ( Rs 11.9 million or 28.7% of market turnover )

3. State Bank of Mauritius Ltd ( Rs 11.0 million or 26.5% of market turnover )

4. Fincorp Investment ( Rs 1.1 million or 2.5% of market turnover )

5. Sun Resorts Ltd ( Rs 0.7 million or 1.6% of market turnover )

What will the upcoming week be like?

As the trend persist, recovery in the main indices is likely to be expected. Demand for some shares are more likely to increase as traders may start buying low priced shares in expectation that in future they can sell them at higher price.SEMDEX and SEM-7 may start in green.

Published by Rameshsing Jugurnauth,

Profile: BSC(hons) Statistics with Computer Science