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# [MAURITIUS] Weekly market wrap: bonds lead, SEMDEX holds steady amid caution
- URL: https://businessoi.media/en/maurice-bourse-de-la-semaine-les-obligations-dominent-le-semdex-en-territoire-prudent-en/
- Published: 2026-10-17T13:40:29.000Z
- Updated: 2026-10-17T13:40:29.000Z
- Description: SEMDEX at 2,295.47 pts, SEMTRI -0.53% for the week. Bonds lead with MUR 72.1M traded. MCB Group on top. Market cautious post-unrest, but no significant selloff.
- Author: Emmanuel TAOCHY
- Tags: Maurice, Bourse, Finances publiques, Clôture, #en

**The Stock Exchange of Mauritius closed the week of 14 October in cautious territory. The SEMTRI total return index fell 0.53%, bond markets drove the bulk of trading activity, and equities recorded more decliners than gainers — all against the backdrop of the social unrest that shook the island from 12 to 15 October.**

## A divided equity market

At the Wednesday 14 October close, the **SEMDEX** stood at **2,295.47 points** and the SEMTRI total return index at **11,309.71 points**, down **0.53%** on the week. The SEM-10, tracking large-cap stocks, settled at 437.49 points.

Of the 63 securities listed on the official market, only **12 advanced**, 30 were unchanged and **21 declined**. The split reflects a divided market, with sharp swings in both directions among the most active names.

Top gainers: National Investment Trust surged **+5.56%**, Beachcomber Hospitality (+5.50%), Lottotech (+2.51%), Terra Mauricia (+2.47%) and Omnicane (+2.20%). The hospitality sector's resilience suggests investors regard the tourism impact as short-lived.

Top losers: Phoenix Beverages dropped **\-6.31%**, followed by Medine (-5.17%), Alteo (-4.87%), ER Group (-4.52%) and CIM Financial Services (-3.70%).

## MCB Group and bonds drive liquidity

**MCB Group** led equity turnover with **MUR 88.2 million** traded during the week — well above other securities — followed by CM Structured Products (MUR 36.3M) and Diversified Credit (MUR 24M). Total official market capitalisation stands at **MUR 322.7 billion**.

However, it was the bond market that captured the real action: **11 debt instruments** changed hands for approximately **MUR 72.1 million**, making it the most active market segment of the week. Institutional investors are rotating into fixed-income instruments as a hedge against uncertainty.

## Global headwinds provide little support

International markets were mostly unhelpful. Over the same period, the NASDAQ fell **\-1.43%**, the CAC 40 -0.48% and the DAX -0.74%. Only the Dow Jones (+0.29%) and FTSE-100 (+1.03%) finished in positive territory.

On the Development & Enterprise Market (DEM), MUR 4.8 million in transactions were recorded, with a total capitalisation of MUR 30.5 billion. The ten best-performing DEM stocks show annualised total returns of between 7.79% and 20.08% since listing.

## Why it matters

A 0.53% weekly decline in the SEMTRI deserves context: the Stock Exchange of Mauritius navigated a week of major social tension without a significant selloff. The rotation into bonds signals temporary risk aversion, not capital flight. For policymakers and investors alike, the relative stability of the indices carries its own message: institutional confidence remains intact, even as smaller investors and SMEs absorb the more direct effects of the disruptions.