The Mauritian stock exchange, also known as the Stock Exchange of Mauritius (SEM), recorded significant trading volumes last week, with a total of Rs 330 million exchanged on its multi-currency platform. This indicates a high level of activity on the exchange, with investors actively buying and selling securities. The SEM provides a platform for companies to raise capital and for investors to participate in the growth of the Mauritian economy.
The top five companies with the highest trading volumes last week were MCB Group Limited, Compagnie Immobilière Ltée, SBM Holdings Ltd, Alteo Limited, and CM Diversified Credit Ltd, with trading volumes of Rs 157.4 million, Rs 78.7 million, Rs 12.3 million, Rs 11.4 million, and Rs 11 million, respectively. These companies are among the largest and most liquid on the exchange, and their high trading volumes reflect their popularity among investors.
The SEM's benchmark index, the SEMTRI, recorded a slight increase of 0.12% last week, closing at 11,347.70 points on Wednesday, September 23. The SEMDEX, another key index, closed at 2,304.67 points, while the SEM10 index, which tracks the performance of the top 10 companies by market capitalization, closed at 439.84 points. These indices provide a snapshot of the overall performance of the Mauritian stock market.
A total of 16 stocks rose in value last week, while 33 remained stable, and 14 fell. The biggest gainers included Lux Island Resorts Ltd, which rose by 7.78%, MUA Ltd, which gained 5%, and BlueLife Limited, which increased by 4.48%. On the other hand, the largest losers included Promotion and Development Ltd, which fell by 6.61%, Medine Limited, which dropped by 4.02%, and The Mauritius Development Investment Trust Ltd, which declined by 2.65%.
The Development & Enterprise Market (DEM), a platform for smaller and growing companies, also recorded significant activity last week. The DEMEX index closed at 222.57 points, while the DEMTRI index closed at 399.95 points. The market capitalization of the DEM stood at Rs 31.5 billion, with total transactions of Rs 80.6 million recorded during the week.
The top 10 companies on the SEM in terms of annualized total return since their initial public offering (IPO) showed performances ranging from 11.38% to 19.52%. These companies are highly regarded by investors for their strong financial performance and growth potential. The SEM provides a platform for companies to raise capital and for investors to participate in their growth.
Internationally, the Dow Jones index fell by 0.44%, while the NASDAQ index rose by 4.86% last week. The DAX, FTSE-100, and CAC-40 indices in Europe recorded gains of 0.70%, 0.47%, and 0.80%, respectively. These global market trends can have an impact on investor sentiment and trading activity on the Mauritian stock exchange.
Key points
- The Mauritian stock exchange recorded significant trading volumes last week, with MCB Group Limited and Compagnie Immobilière Ltée leading the way.
