Last week, the three main indices of the international market ended the week down. The all-share index, SEMDEX closed the week down at 1, 639.46 pts, down 1.42% or 23.6 pts. The blue chip index SEM-7, settled at 396pts losing 1.86% or 7.5 pts. The return on the market index, SEMTRI ended at Rs 4380.93, down 1.42% or Rs 63.07.

The weekly sector evolution was as follows: Banking, Insurance & Other Finance (down 1.87% or Rs 1.25 bn), Commerce (down 0.92% or Rs 0.16 bn), Industry (down 0.61% or Rs 0.03 bn), Investments (up 0.29% or Rs 0.04 bn ), Leisure and Hotels (down 1.92% or Rs 1.92bn), Sugar (down 0.10% or Rs 0.01bn), Transport (down 2.79% or Rs 0.05 bn) and Foreign ( unchanged).

MLC was the weekly top gainer with 5.26% or 25 cents. The weekly worst loser was Sun Resort which saw its share price plunged by 11.36% or Rs 10.00.

Evolution of share price (Weekly)

Weekly Top 5 Gainers

:MLC (up 5.26% or 25 cents), Caudan Dev(up 3.03% or 5 cents), Savannah (up 1.72% or Rs 3.00), Fincorp(up 1.11% or 20 cents), PBL (up 0.97% or Rs 1.00)

Weekly Top 5 Losers

: Sun Resorts (down 11.36% or Rs 10.00), Naiade Resorts (down 3.06% or Rs 2.00), Air Mauritius (down 2.86% or 50 cents), MCB (down 2.58% or Rs 4.00), UBP (down 2.27% or Rs 1.00)

Evolution of share price (Monthly)

Monthly Top 5 Gainers (5 Aug -5 Sept):

MLC (up 16.28% or 70 cents), PBL (up 14.29% or Rs 13.00), Caudan Dev (up 9.68% or 15 cents), H. Mallac (up 8.33% or Rs 5.00), Swan (up 3.37% or Rs 3.00),

Monthly Top 5 Losers (5 Aug -5 Sept):

Naiade Resorts (down 10% or Rs 7.00), Sun Resorts (down 8.24% or Rs 7.00), SBM (down 8.14% or Rs 7.00), MTMD (down 7.79% or Rs 6.00), NMH (down 7.24% or Rs 11.00)

Latest local financial news

Ciel Investment Limited (CIL) which is one of the leading investment companies in Mauritius, has increased its stake in Sun Resorts Ltd and Ireland Blyth Ltd. Through the MCB Equity Fund, CIL bougth five million shares in Sun Resorts worth Rs 631 million and now its stake in Sun Resorts is more than 50%. The CEO of CIL stated that the performance of Sun Resort have been satisfactory last year and he believe that the tourism sector will play a major role in the Mauritian economy. Sun Resort realised Rs 643 million as profit in its first nine months of 2008. Currently, CIL is the main investment leader and holds stake worth Rs 7 billion in different companies. In the CIL's portfolio there are two companies of the tourist sector Sun resorts Ltd and Constance Hotel. CIL has also acquired major stake in IBL and now it holds 54% stake in IBL. CIL has come to an agreement with Compagnie d'Investissement et de Développement Limitée (CIDL) which forms part of the Mon Loisir Group, CIL will buy 16.05% that CIDL holds in IBL. CIDL has lowered its share participation in CIL from 23% to 10%. CIDL has also purchased IBL's stake in Scomat, Manzer Saxon Group and DTOS and now its share particpation are as follows: Scomat (100%), Manzer Saxon Group (80%) and DTOS (80%).

Data : Stock Exchange of Mauritius