Mauritius Market Watch | May 15th 2015: Mauritius equity extends the gains..

Port Louis, Mauritius (Capital Markets in Africa):-Stock Exchange of Mauritius indices were up during the session mainly on the back of Mauritius Commercial Bank (MCB) Group which went up after announcing a profit surge of 91.4% for the quarter ended 31 March 2015. The Semdex and the SEM-10 gained 0.56% and 0.58% respectively. Market turnover was mainly geared towards Mauritius Commercial Bank (MCB) Group and CIEL Group which together accounted for 76.9% of total value traded. MCB Group saw a cross of 270,000 shares at MUR 205.00 at market opening before concluding at MUR 206.75 on total volume of 498,816 shares.

Air Mauritius was the top performer of the session, rallying 7.3% to settle at MUR 11.00. Similarly, SBM Holdings Limited Mauritius was up by 1.1% to close at MUR 0.96 on 11.3 million shares traded and CIM Financial Services Mauritius gained 5.4% to settle at MUR 9.80 on 71,800 shares. Likewise, Phoenix Beverages Limited was the only gainer among industrials, gaining 0.1% to MUR 310.25 and Sun Resorts maintained upwards trend, gaining 1.6% to MUR 42.50.

On the other hand, ENL Commercial was down by 0.7% with a closing price of MUR 22.00 and Lux Island Resorts declined by 0.8% to close at MUR 60.50. On the same note, Omnicane Limited lost 0.7% to trade MUR 70.50 on only 600 shares and New Mauritius Hotel declined by 0.8% to trade MUR 63.00 (but reached a high of MUR 63.75  during the trading session). Also, Lottotech lost 1.8% to MUR,  Bluelife lost 1.0% to close at MUR 4.95 (on only 100 shares) and ETF NewGold lost 2.5% to trade at MUR 403.00.

On the DEM, the index gained 0.34% to 202.96 points. Market turnover amounted to MUR 14.7 million.