| | | | | The SEMDEX wrapped up the day slightly higher amid subdued trading activity. Heavyweight MCBG saw a modest uptick of 0.3%, reaching MUR 372.00 on 13.9k shares traded, while SBMH remained unchanged at MUR 4.85 on 2.4m shares traded, emerging as the top traded stock for the day. Conglomerates CIEL (+0.6% to MUR 7.26) and ENL (+2.0% to MUR 20.05), along with a notable surge in sugar conglomerate ALTEO (+4.2% to MUR 9.90), contributed significantly to supporting the index. ASCENCIA, on the other hand, experienced a notable decline of 2.5% to MUR 17.75, while NMH fell 0.9% to MUR 10.90, albeit on low volumes. Foreign activity was subdued today, with purchases totalling MUR 1.4m and sales amounting to MUR 821k.
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| | International Markets | US equities closed with a mixed performance on Tuesday ahead of Wednesday's crucial inflation data. Alphabet surged to a new all-time high on Tuesday, as Google unveiled significant updates and announcements in artificial intelligence at its Google Cloud Next event. European equities logged losses on Tuesday, weighed down by a significant profit-taking in defence stocks. The pan-European STOXX 600 index closed 0.6% lower, while the STOXX Aerospace & Defence Index, experienced a steeper decline of 3.7%, marking its worst single-day drop in over a year. Asia-Pacific markets displayed a mixed performance on Tuesday. Japan's NIKKEI 225 index climbed 1.1%, likely buoyed by positive consumer confidence data. The consumer confidence index in Japan increased to 39.5 in March, marking its highest reading since April 2019. Conversely, South Korea's KOSPI closed lower by 0.5%.
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| | Regional Markets | Kenyan stocks closed 1.1% lower on Tuesday, due to weakness in the banking sector. Declines in several key banking stocks, including Equity Group, Co-operating Bank of Kenya, and Stanbic Holdings, contributed to the downward pressure on the broader market. South African equities closed slightly higher on Tuesday, driven by several gainers across the food, mining, and banking sectors.
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| | FX & Commodities | Oil prices extended their losses for a second consecutive day, amidst renewed efforts to establish a ceasefire in Gaza. Negotiations between Israel and Hamas resumed in Egypt on Sunday, with the latest updates indicating that Hamas is still evaluating a ceasefire proposal from Israel. Gold prices reached another all-time high on Tuesday, fuelled by strong investor demand and ongoing geopolitical tensions.
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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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