Mauritius's stock market has logged five consecutive sessions of gains, lifting the SEMDEX to 2,218.26 points (+52.56 pts over the period) and the SEMTRI up +2.58% to 10,877.58 points. The rally was led by banking and agri-tourism stocks, reflecting renewed investor appetite for Indian Ocean emerging markets.
A solid rebound on the Official Market
The Stock Exchange of Mauritius posted an Official Market capitalisation of Rs 356.2 billion, complemented by Rs 33.4 billion on the Development & Enterprise Market (DEM). Of the 65 listed securities, 14 closed higher, 43 were unchanged and 8 declined — a ratio suggesting a targeted rally rather than a broad-based surge.
Top performers included Medine Limited (+11.06%), P.O.L.I.C.Y Ltd (+7.74%), Ascencia Ltd (+5.71%) and banking heavyweight MCB Group Limited (+4.99%). On the downside, Almarys Limited shed -10% and Terra Mauricia Ltd fell -1.45%.
MCB and Medine: driving the market
MCB Group — the island's largest bank by capitalisation — attracted particular attention from institutional investors. A near +5% gain over five sessions signals continued confidence in Mauritius's financial sector, which is increasingly positioned as an African banking hub. MCB Group is one of the few regional banks to feature in continental African Business rankings.
Medine, a diversified agri-tourism conglomerate on the island's West Coast, led the rally with +11.06%. The move comes amid a recovery in regional luxury tourism and the group's diversification into education and real estate.
Why it matters
The Stock Exchange of Mauritius is one of the Indian Ocean's most liquid and diversified financial markets. Its performance is a leading indicator of regional investor confidence. Even as the IMF recently called on the island to reduce its public debt (86% of GDP), the market's resilience sends a positive signal: corporate fundamentals remain robust, and Mauritius continues to attract foreign capital.
Source: L'Express Maurice / Stock Exchange of Mauritius, June-July 2026