| | | | | The SEMDEX wrapped up Friday's session, characterized by thin activity, with marginal movement, closing almost unchanged at 2,144.83 points. Heavyweight MCBG was stable at MUR 372.00 on 15.3k shares traded, while SBMH also closed unchanged at MUR 4.85 on 203.3k shares traded. PBL stood out as a gainer, climbing by 1.0% to MUR 505.00 on mere 100 shares traded. Among hotels, LUX saw a 2.0% increase to MUR 52.00, and SUN edged up by 1.2% to MUR 41.50. Conversely, CIM (-2.7% to MUR 11.00), LOTTOTECH (-1.2% to MUR 6.90), and ALTEO (-0.2% to MUR 9.88) recorded losses, albeit on limited trading volumes. Trading today was mainly geared on CMDC Notes (33.7% of TMT), MCBG (29.5%), and AFREXIM (17.6%). Foreign investors were net buyers today, albeit on modest activity.
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| | International Markets | US equities closed Thursday's session mostly in positive territory, reversing course after Wednesday's losses triggered by March’s hotter-than-expected consumer inflation data. Tech stocks led the market upswing bolstered by the release of the US PPI data for March, which came in lower than anticipated. European equities declined on Thursday, pressured by declines in banking stocks following the European Central Bank’s monetary policy decision. While the ECB maintained its key interest rate at a record-high 4% for a fifth consecutive meeting, ECB President Christine Lagarde hinted at the possibility of a first rate cut during the bank's next policy meeting in June, citing easing inflation in the eurozone. Asian shares largely mirrored Wall Street's overnight decline on Thursday, reacting to the release of higher-than-expected US consumer inflation data for March. In Japan, the NIKKEI 225 edged down 0.35% while Hong Kong’s HANG SENG slipped 0.3%. However, South Korea's KOSPI index managed to buck the trend, closing marginally higher by 0.1%.
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| | Regional Markets | South African equities closed lower on Thursday, echoing a sell-off in global peers. Diversified mining companies Pan African Resources, Exxaro Resources, Kumba Iron Ore, and Anglo American all witnessed share price declines ranging from 1.7% to 3.8%. Kenyan stocks closed higher on Thursday, supported by gains in heavyweight manufacturing stock East African Breweries and banking stocks Equity Group and Co-operative Bank of Kenya.
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| | FX & Commodities | The US dollar gained slightly on Thursday despite weaker-than-expected producer price data. The greenback was supported by comments from several Fed officials suggesting a cautious approach to easing monetary policy. Meanwhile, the Japanese yen fell to a new 34-year low against the dollar moving beyond the 153 level. Gold prices climbed 1.9% on Thursday after the release of tamer-than-expected U.S. producer prices data. Geopolitical tensions also continued to support the precious metal.
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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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