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Mauritius: The stock market tumbles down since the beginning of 2015

The activity of the Stock Exchange of Mauritius since the beginning of the year continues to decline, the SEMDEX index calculated overall stock market traded equity has thus lost around 5.4% of its value in 2015, and this despite the good economic growth forecast for the current year. The growth should be close or exceed 4% compared with 3.5% growth recorded last year.
According to stock analysts, the depreciation of the rupee against the American dollar has prompted the losing foreign investors at the level of the exchange to withdrawing their financial investments on the market. Thus, the sales of shares were 1.3 billion rupees in 2015 * whereas in the first quarter of 2014, the net sales amounted to 203.4 million rupees.
As a reminder, SEMDEX index had declined by 1.05% in 2014 and jumped by 21% in 2013.
* One euro roughly equivalent to 39 rupees


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