Mauritius Stock market springs back with 0.42% gain

The stock market rebounded at the beginning of this week after a 0.16% decline at the close of the previous week. MCBG and the hospitality sector have contributed to this positive performance.

After more than a week after the presentation of the 2023-24 budget, the market has reported gained 0.42% on June 12 at the start of this week.

MCBG edged up by 0.31% to Rs 321, with 81,000 shares traded, of which 25,500 were bought by foreign investors. On the other hand, SBMH fell by 0.22% to Rs 4.50.

Among the stocks that contributed to the positive start of the week, NMH gained 2.95% to Rs 8.38, SUN surged by 6.79% to Rs 28.30, Bluelife rose by 3.64% to Rs 0.57, and Caudan increased by 9.09% to Rs 0.60.

It is expected that the market will continue to be influenced by the effects of the budgetary measures as investors gauge their potential impact on various sectors.

Source: Defi Media