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AfricaMoney | August 23, 2017

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Mauritius: SEMDEX dipped by 0.4% in the last week of August

Mauritius: SEMDEX dipped by 0.4% in the last week of August

On the official market, turnover amounted to Rs Rs227.2 million, mainly geared towards MCB Group, State Bank of Mauritius and hospitality majors New Mauritius Hotels. (

Mauritius saw its stock exchange on the downside with the main index of the official market, the SEMDEX, lost 0.4% to reach 2,108.72 points and SEM-7 losing 0.4% to reach 401.00 points for the week ended August 29, 2014, according to market highlights published by Anglo-Mauritius Stockbrokers.

Mauritius Commercial Bank Group (MCBG), State Bank and New Mauritius Hotels (NMH) occupied 55.5% of the total market turnover, which is amounted to Rs 227.2 million. Foreign investors were net sellers to the amount of Rs 26.1 million.

In the banking sector, MCBG weakened by 0.4% to conclude at Rs 208.75 on 303,600 shares exchanged.

The report noted that foreign sales amounted to Rs57.1 million on the stock compared to foreign buys of Rs 34.3 million.

Also, State Bank registered a downward trend of 0.9% to Rs 1.06. The stock closed at Rs 1.07 on Monday before falling to Rs 1.06 the next day and closing at that level for the rest of the trading sessions during the week.

Among companies in the financial sector, Bramer Banking was perceived as the weakest with a decrease of 1.7% to Rs 6.80 on 73,300 shares exchanged.

In the insurance space, Mauritius Union Assurance was the only mover, losing 0.7% to Rs 150.00 on 47,500 shares, and on the other hand financial company CFS decreased by 0.9% to reach Rs 8.58 on 67,600 shares.

The commerce counter performed well with a growth of 2.6% to Rs 23.50 on 7,000 shares traded registered for ENL Commercial, while Vivo Energy maintained upwards trend with an increase of 1.4% to close at Rs 142.00, with 1,400 shares traded.

Other performers were, Innodis and IBL, which climbed by 1.8% and 0.2% to Rs 58.00 and Rs 110.25 respectively.
The commerce sector had Harel Mallac as the only decliner with a loss of 1.0% to Rs 119.00.

On the construction counter, Gamma Civic shed off 2.1% to reach Rs 48.95 on 12,100 shares and UBP was down by 0.9% to Rs 84.25.

Phoenix Beverages Limited and Mauritius Chemical & Fertilizer Industry were the movers at industrial level with 1.0% and 04% increase respectively, while Moroil felt by 0.4%.

CIEL and ENL Land (O) finished unchanged at Rs 7.02 and Rs 49.50 respectively, while Terra lost 1.4% to reach Rs 36.50, with 46,000 shares traded. As for the sugar major Omnicane, it remained unchanged at Rs 84.00.

On the hospitality front, LUX was the only gainer with 1.0% increase to reach Rs 50.00 with 101,900 shares traded while both NMH and SUN declined by 0.6% and 1.3% to reach Rs 87.00 and Rs 44.20 respectively.

The report mentioned that Air Mauritius moved up by 0.9% to Rs 17.70, with 412,600 shares exchanged.
In addition, Lottotech finished the week at Rs 11.80 and saw 699,700 shares exchanged.

Meanwhile, the development market index, the Demex, 2.5% to reach 200.79 points on a weekly turnover of Rs 214.6 million.

Ascencia class A were the top performer on the Demex, rallying 17.2% to Rs 1,700.00 on 9,800 shares.

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