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SEMDEX fell on the 9th day in row in August 2008
(Thursday 21 August 2008 )Many investors might be wondering what is happening to the Mauritian stock market. This Thursday marked the 9th consecutive day that SEMDEX fell and the 8th consecutive day that SEM-7 tumbled.Since 7 August, SEMDEX lost 75.52 pts or 4.3%. SEMDEX attains record on 18th February 2008 at 2101.34 pts.

Today, SEMDEX closed at 1677.46 pts, down 17.27 pts or 1.02%. The blue chip index SEM-7 settled at 408.68 pts, down 5.42 pts or 1.31%. Return on the market index, SEMTRI lost Rs 46.15 to close at Rs 4, 482.46.

1216094 shares were interchanged and the market turnover amounted to Rs 109 million (m) with MCB recording the biggest volume and highest value traded. The worst loser on the market was Naiade Resorts which saw its share plunged by 2.3% while today no gainers were recorded.

The evolution of sectors were as follows: Banking, Insurance & Other Finance (down 1.4% or Rs 964.3 m), Commerce (down 0.72% or Rs 126 m), Industry (down 0.02% or Rs 1 m), Investments (down 0.17% or Rs 26.1 m), Leisure and Hotels (down 1.2% or Rs 26.1 m), Sugar (up 0.14% or Rs14.9 m) and Transport (down 1.18% or Rs 20.5 m).

Evolution of share price:

Gainers: In today’s trading, there was no gainer

Losers: 1. Naiade Resorts ( Rs 65.00, down 2.3% or Rs 1.50), 2. State Bank of Mauritius ( Rs 80.00, down 1.8% or Rs 1.50 ) 3. Mauritius Eagle Insurance ( Rs 55.00, down 1.8% or Rs 1.00) 4. Sun Resort Ltd ( Rs 83.50, down 1.8% or Rs 1.50) 5. Rogers ( Rs 375.00, down 1.3% or Rs 5.00) 6. Mauritius Commercial Bank Ltd ( Rs 156.00, down 1.3% or Rs 2.00) 7. Plastic Industry ( Rs 38.00, down 1.3% or 50 cents) 8. Air Mauritius ( Rs 16.80, down 1.2% or 20 cents ) 9. Mauritius Development Investment Trust ( Rs 5.55, down 0.9% or 5 cents ) 10. New Mauritius Hotel ( Rs 146.00, down 0.7% or Rs 1.00) 11. Policy (Rs 8.00, down 0.7% or 5 cents) 12. Savannah (O) ( Rs 174, down 0.6% or Rs 1.00)

Five biggest volumes traded in order:

1.Mauritius Commercial Bank Ltd (314, 778 shares or 25.8% of Market total), 2. State Bank of Mauritius (296,133 shares or 24.4% of Market total) 3. New Mauritius Hotel (212, 283 shares or 17.5% of Market total) 4. Mauritius Development Investment Trust (151800 shares or 12.5% of Market total) 5. POLICY (82000 shares or 6.7% of Market total)

Five highest value traded in order

1. Mauritius Commercial Bank Ltd ( Rs 49 million or 44.9% of Market Turnover ) 2. New Mauritius Hotel ( Rs 31.0 million or 28.4% of Market Turnover ) 3. State Bank of Mauritius Ltd ( Rs 23.7 million or 21.7% of Market Turnover ) 4. Rogers ( Rs 4.1 million or 4.1% of Market Turnover ) 5. Sun Resorts Ltd ( Rs 4.2 million or 3.8% of Market Turnover )

As the downward trend followed, will this Friday mark another shortfall for the Mauritian international market? 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. This will occasionally help the market to recover. Will the recovery start tomorrow? This depend which shares brokers will recommend to buy first. If the blue chips are bought, then recovery might be very soon and much quicker.

Author : Rameshsing Jugurnauth, BSC(hons) Statistics with Computer Science Data: Stock Exchange of Mauritius

Stock Exchange of Mauritius down on the 10th day in August 2008
(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 during the last 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 amounted Rs 41.4 million as market turnover.

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 achieved the highest turnover.

The evolution of 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

Contact details: ramesh77uom@gmail.com Open to part time and full time project in Market Research and data analysis Data: Stock Exhange of Mauritius''