Mauritius Market Watch | May 19th 2015: Mauritius equity shed off MUR 1.6bn

Port Louis, Mauritius (Capital Markets in Africa):- Mauritius equity market maintained its downward trend recording a total turnover of MUR 42.6 million and market capitalization recorded at MUR 218.157 billion (loss about MUR 1.6 billion from yesterday’s market cap of 219.714). The Semdex and SEM-10 index gave up 0.30% and 0.45% to reach 1,969.44 points and 373.79 points respectively.

Mauritius Commercial Bank (MCB) Group reached an intra-day low of MUR 204.00 before closing at MUR 205.00 (a lost of 0.61 percent or MUR 1.25) on a total volume of 19,700 shares exchanged. While SBM Holdings hit an intra-day low of MUR 0.94 before finally concluding at MUR 0.95 on about 4.619 million traded shares. CIM Financial Services closed unchanged at MUR 9.90 with an overall volume of 236,400 traded shares.

Main loser on the market was CMPL which tumbled by 5.3 percent to close at MUR 18.00 on 600 shares.  In contrast, Innodis Limited went up by 2.0 percent to close the day at MUR 52.00 on a cross of 25,000 shares traded.  Gainers at the industrial level were Gamma Civic and Mauritius Oil Refinery Limited which grew by 0.3 percent and 0.4 percent to MUR 30.10 and MUR 28.00 on 2,500 shares and 1,900 traded shares respectively.

As for the hotel stocks, New Mauritius Hotels traded at a flat MUR 63.00 on 12,100 traded shares, whilst LUX Island Resorts dropped by 0.4 percent to end at MUR 60.75 on 13,000 traded shares.  SUN remained level at MUR 42.50 on 105,400 shares, out of which 100,000 was crossed.  Air Mauritius grew by 1.8 percent to MUR 11.35 on 3,000 traded shares, while Lottotech declined by 0.7 percent to MUR 5.56.  Other losers across the investment counter were Promotion and Development Limited  and Fincorp Investment Limited Mauritius plummeted by 1.0 percent and 0.5 percent in that order.

On the DEM, the index gained 0.21% to 203.57 points on a turnover of MUR 0.6m.  Main gainer on the market was Medical & Surgical which rallied 5.0 percent to MUR 2.10.  Ascencia Class A and Ciel Textile went up by 0.8 percent and 0.5 percent to MUR 13.10 and MUR 37.70 on 300 shares and 2,800 shares respectively.  On the other hand, losers were Tropical Paradise (P) (-7.8%) and SIT Land Holdings (-2.6%)