Mauritius Equity Watch | 24 Aug 2015 : Stock Exchange of Mauritius opens in bearish mood, SEMDEX index 11 bps lower

Port Louis, Mauritius (Capital Markets in Africa) — Stock Exchange of Mauritius began the week on a negative note. The equity market capitalization sagged by MUR 246 million (US$3.78 million) to close at MUR 217.954 billion relative to previous market capitalization of MUR 218.200 billion.

The Mauritius All Share Index (SEMDEX index) dropped by 0.11 percent or 2.22 points to close at 1,957.17 points and SEM10 index ended at 374.04 points after marginally fell by 0.07 percent or 0.27 points.

The overall total volume trade ended at 8.113 million (a gain relative to volume of 5.002 million recorded on previous trading session) and the total valued traded was recorded at MUR 24.183 million (a reduction relative to MUR 38.422 million recorded at previous trading session).

The most active traded securities by volume were SMB Holdings recorded 6.162 million (about 76 percent of total volume) at MUR 5.299 million and CIEL Limited registered 1.614 million traded stocks amounted to MUR 10.816 million. New Mauritius Hotels had 115,178 stocks at MUR 2.145 million and Terra Limited recorded a total volume of 50,200 shares at MUR 1.495 million. POLICY Mauritius also recorded 50,000 shares at MUR 340,880.

From the market sentiment/breath viewpoints, among the 27 traded securities there were 4 price advancers and 11 price decliners as well as 12 remained unchanged. The price gainers were Alteo Limited advanced by 2.87 percent to end at MUR 34.00 and Innodis Limited closed at MUR 50.00 after gaining 1.94 percent. Bluelife Limited also surged by 0.47 percent to end at MUR 4.30 and National Investment Trust gained 0.24 percent to settle at MUR 42.10.

On the contrary, the loser was Mauritius Development Investment Trust with a price reduction of 3.46 percent to trade at MUR 5.02. CIEL Limited sagged by 2.62 percent to conclude at MUR 6,70 and CIM Financial Services fell by 1.14 percent to end at MUR 8.70. POLICY Limited settled at MUR 6.80 after sliding by MUR 0.06 or 0.87 percent.

The DEMEX index ended at 206.48 points after marginally adds 0.01 points. The market capitalization slightly rose by MUR 2 million to close at MUR 49.074 (relative to MUR 49.072  billion recorded previous trading session). The total value traded was MUR 11.047 million exchanged in 191,566 traded securities. EUDCOS added 1.27 percent to end at MUR 15.90 and Constance Hotel closed at MUR 37.00 after adding 0.54 percent. Whereas Bharat Telecommunications lost 15.00 percent to end at MUR 8.50 and ENL Limited (Preference) plunged by 1.01 percent to settle at MUR 29.50.