Driving change within the Exchange space in Africa

SEM adds another milestone to its innovation-driven journey with the launch of SEMX, a dedicated segment on the Official Market for high-growth companies. The segment is governed by a tailored set of listing rules that address the requirements of high-growth companies. These rules include provisions for market-making, ensuring adequate secondary market liquidity to enhance the appeal of SEMX-listed companies to investors. Tuesday Markets has been appointed as the initial market maker for SEMX.

Sunil Benimadhu, SEM's CEO chaired one of the Panels addressing the subject as to whether Cryptocurrencies are a threat to traditional finance.  SEM's CEO  was joined by Joseph Portelli, Executive Chairman of Malta Stock Exchange, Dr Matthias Voelkel, CEO of Boerse Stuttgart Group and Iosif Itkin  CEO and Co-founder of Exactpro, looking at why disintermediation in financial services has not lived up to its hype and how traditional finance can adapt lessons from crypto markets without compromising on safety and regulation.

SEMSI, which highlights the sustainability champions among the companies listed on the SEM, reached a new record at market close yesterday, ending the trading session at an all-time high of 132.44 points. SEMSI includes leading companies from the Mauritian economic landscape, with constituents such as MCB Group Limited, SBM Holdings Ltd, CIEL Limited, IBL Group Ltd, ENL Limited, and Sun Limited, Lux Island Resorts Ltd, New Mauritius Hotels Limited,  among others. Since the beginning of 2024, SEMSI has risen by 22.3% and has seen its total market capitalization increase from Rs 198.4 billion at the start of 2024 to Rs 251.6 billion yesterday.

SEM’s main Index, the SEMDEX, reached a new all-time high at market close today, reaching 2,326.70 points. Today’s trading session was characterised by a treble-record, with two other indices of the Official Market, the SEMTRI and the SEMTRI-ASI, also closing at new all-time highs of 10,299.13 points and 9,417.25 points respectively.

This listing marks a new milestone for the company reflecting a remarkable journey and a testament of the Emtel's growing iconic stature. 4,273 investors (retail and institutional) have acquired shares under the Emtel IPO, underscoring the widespread confidence and trust that Emtel commands.