Mauritius SEMDEX Rises 0.7% to 2,215.5; MCB Leads Advance

PORT LOUIS (Capital Markets in Africa) – The Mauritius Stock Exchange Semdex Index rose 0.7 percent to 2,215.5. The move was the biggest since rising 1 percent on Dec. 18 and follows the previous session of less than one percent. The MSCI Emerging Markets Europe, Middle East and Africa Index advanced 0.3 percent.

MCB Group Ltd. contributed the most to the advance, rising 0.7 percent. ENL Commercial Ltd. increased 3.9 percent, the biggest gain. Mauritian Eagle Insurance Co. Ltd. fell 1 percent, the biggest loss. The biggest movers also included: CIEL Mauritius, up 0.8 percent; Rogers & Co. Mauritius, up 1 percent; Lottotech, down 0.8 percent; and Caudan Development, down 0.9 percent.

In the past year, the index had a similar or greater gain 10 times and was little changed the next day. It advanced eight times for an average 0.3 percent and declined two times for an average 0.03 percent.

Today, 8 of 37 shares rose, while 5 fell. The Mauritius SEMDEX is up 0.6 percent so far this year. The index is 23 percent above its 52-week low of 1,801.38 reached on Jan. 10 and 0.9 percent below its 52-week high of 2,235.36 on Sept. 26

Source: Bloomberg Business News