Net foreign transactions show that foreigners have disinvested approximately Rs. 715 million over the last three months on the stock exchange. In November alone, Rs. 358 million have been retrieved.
According to the local stock exchange data, foreigners have disinvested Rs. 715 million in total. In November alone, Rs. 358 million have been pulled out.
MCB alone has observed a negative net foreign transaction valued at Rs. 321 million.
NMH shares have lost 26.9% and are the top loser for November. November’s top losers include NMH (-26.9%), CIM Financial Services (-15.5%), SBM Holdings (-11.6%), Rogers (-11.5%), Ciel (-11.5%), and Lux Island Resorts (-10.7%).
Top gainers include Swan General (-17.3%), Terra (3.9%), MUA (3.8%), MCFI (1.9%), PBL (1.3%) and Vivo Energy (1.2%).
From a year-to-date perspective, despite the difficult economic circumstances, including shortages of primary resources and mid-year re-opening of borders to commercial flights, all top losers mentioned above have seen a substantial increase in their share valuation. NMH (13.6%), CIM Financial Services (25.5%), SBM Holdings (5.6%), Rogers (22.7%), Ciel (59.3%), and Lux Island Resorts (51.1%).
The figures, as mentioned earlier, show that the various companies listed and that are major driving forces of the local economy have recovered since the March 2020 first wave. They also show that there has been a sudden and steep decline in the level of trust that the Mauritian economy inspires during November.
