> The Stock Exchange of Mauritius (SEM) introduces dual currency trading and settlement on foreign currency denominated financial instruments listed on its platform.


The objective of dual currency trading is to offer investors the option to trade foreign currency denominated securities (USD, Euro, GBP and ZAR) in Mauritius Rupee (MUR) also. At the request of the respective issuers, SEM will allow securities that are denominated in foreign currencies, to be traded:

(i) in their underlying primary currency, which is the currency in which the security is issued

 

(ii) and in the local currency, namely the Mauritius Rupee (MUR).


06-Dec-2016



> Interview of Sunil Benimadhu, CEO of the Stock Exchange of Mauritius, at the Nasdaq Market Site (location for the Nasdaq Market Bell Ceremonies) in Times Square in New York City


On Monday 19 September 2016, Sunil Benimadhu, CEO of the Stock Exchange of Mauritius touches on the Mauritian economy and talks on SEM's multi-pronged internationalisation strategy moving away from the traditional domestic-equity-focused Exchange and hence the split of listings on SEM today overwhelmingly consisting of international issuers and a broader range of ETFs and structured products, listed and traded in USD, Euro, GBP and ZAR. Sunil said that this is expected to increase over time, confirming the internationalised status of the SEM over time. As SEM also aspires to emerge as a capital raising platform for Africa-focused investments routed through the Global Business Sector, the SEM platform will growingly be used to channel investment flows from SA/Europe/Asia into Africa. 

 

This interview takes place at at the Nasdaq Market Site (location for the Nasdaq Market Bell Ceremonies) in the "Crossroads of the World" located in the heart of New York City - Times Square, The Nasdaq MarketSite is an event space as unique as the 3,600 companies that list on the Nasdaq Stock Exchange. Showcasing its brands is its Impressive Digital Billboard, the Nasdaq tower and two broadcast studios that hosts the Nasdaq Opening and Closing Bell Ceremonies, over 175 live television broadcasts, and events.


10-Oct-2016



> The Stock Exchange of Mauritius (SEM) launches a new Total Return Index, SEMTRI-ASI, on the 10th of October 2016


The Stock Exchange of Mauritius (SEM) is pleased to announce the  launching of a new Total Return Index, SEMTRI-ASI, on the 10th of October 2016 , following the recent launch of the SEM All Share Index (SEM-ASI) on September 12, 2016. The new index will track the price performances of  SEM-ASI's constituents and assume that the dividends paid by these constituents are reinvested in the same underlying constituents .

 


04-Oct-2016



> SEM launches on 12 September 2016, the (i) SEM All Share Index to include GBC 1 companies and foreign currency denominated companies and the (ii) SEM-Volume Weighted Average Price Index


The Stock Exchange of Mauritius is pleased to announce the launching of two new indices, the SEM All Share Index (SEM-ASI) and the SEM Volume Weighted Average Price Index (SEM-VWAP) on September 12, 2016.  In the light of the introduction of SEM-ASI, some consequential changes are being brought to two of SEM’s current indices, namely the SEMDEX and the SEMTRI.


 

SEM All Share Index (SEM-ASI)

In the wake of SEM’s internationalisation efforts post-2008, a number of Global Business Companies Category 1 (GBC 1) and other international products have been listed on the Exchange’s platform. The performances of these GBC 1 companies have, so far, not been captured by SEM’s existing indices.  With a view to acknowledging the contribution of GBC 1 companies and foreign-currency denominated international companies to its internationalisation strategy, the SEM is creating the SEM All Share Index (SEM-ASI).  SEM-ASI will include the current constituents of SEMDEX but will also be comprised of foreign-currency denominated (USD, EURO, GBP and ZAR), GBC 1 and international companies.  The inclusion of these new constituents will not only boost SEM’s market capitalisation (by Rs 105 billion as of 31st August 2016), but will also give a better reflection of the effective size of our market and enhance the profile of Mauritius as an International Financial Centre.


 

SEM- Volume Weighted Average Price (SEM-VWAP) Index

The SEM is also launching the SEM Volume Weighted Average Price Index (SEM-VWAP) on the Official Market which is calculated based on the Volume Weighted Average Price Index (SEM-VWAP) of ordinary shares forming part of SEM-ASI.

The calculations of SEM market indices are based on the last traded price of securities.  The SEM VWAP Index provides a new dimension through the use of volume weighted average price as a basis for the calculation of the index.


 

Consequential Changes to the SEMDEX and SEMTRI

In the light of the introduction of SEM-ASI, some consequential changes have been brought to two of SEM’s current indices, namely the SEMDEX and the SEMTRI.


SEMDEX as from 12th September 2016 solely focuses on tracking the price movements of rupee-denominated companies which meet SEM’s free-float requirements as defined in the Listing Rules of the Official Market.

SEMTRI as from the 12th September 2016 tracks the evolution of the new version of SEMDEX, which are comprised of Mauritius-Rupee-denominated constituents only.

 

 

On the 10th of October 2016, the SEM is launching a new Total Return Index, SEMTRI-ASI, which tracks the evolution of SEM-ASI’s constituents.


05-Sep-2016



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