| | | | | The SEMDEX gained 0.3% today to reach 2,141.83 points, largely driven by the positive performance of several financial stocks. Banking giant MCBG inched up 0.1% to MUR 371.00 on 53.1k shares traded, while peer SBMH closed 1.0% higher at MUR 4.85 on 467.5k shares traded, rebounding from an intra-day low of MUR 4.61. Consumer finance stock CIM FINANCIAL surged by an impressive 7.6% to MUR 11.30, although the VWAP price remained at MUR 10.58. Other notable gainers included ROGERS (+0.2% to MUR 33.15) and LOTTOTECH (+6.2% to MUR 6.90). Conversely, conglomerate CIEL fell 1.1% to MUR 7.22 and FINCORP declined 1.0% to MUR 15.60. Foreign investors were net sellers, with total sales amounting to MUR 31.9m and purchases totalling MUR 19.3m, primarily focusing on MCBG stocks and CMSP Notes.
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| | International Markets | US equities staged an impressive rebound on Friday, buoyed by a significantly stronger-than-expected jobs report. The Labor Department revealed that nonfarm payrolls increased by 303,000 for the month, exceeding analyst expectations of a 200,000 rise. European equities suffered a broad-based sell-off on Friday, dragging the STOXX 600 0.8% down to its lowest point in more than two weeks. Major European economies, including Germany, France, Italy, and Spain, all saw their benchmark equity indices falling more than 1%. Asia-Pacific markets were mostly negative on Friday after overnight comments from US Federal Reserve officials fuelled concerns that the central bank might hold off on anticipated rate cuts. Japan's NIKKEI 225 led the decline, plummeting 2.0%. South Korea's KOSPI also witnessed a drop of 1.0%.
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| | Regional Markets | South African equities closed Friday's session in the red, pressured by losses in the telecommunication and property sectors. Telecommunication companies Telkom SA SOC and Vodacom Group witnessed share price declines of 5.2% and 2.3%, respectively. Egypt's benchmark stock index, the EGX 30, fell 1.2% on Sunday, reversing course after two prior days of gains.
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| | FX & Commodities | Oil prices continued their upward trend on Friday, with Brent crude reaching a fresh six-month high, fueled by ongoing geopolitical tensions in Europe and the Middle East, along with market anxieties over tightening supply. The US dollar gained strength on Friday following the release of robust jobs report. The Japanese yen, meanwhile, experienced a decline of 0.2% against the dollar.
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| | Events Calendar | | | Source: Investing.com, Yahoo Finance, African Markets, Stock Exchange of Mauritius, Trading Economics, Statistics Mauritius | | |
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