> SEM launches on 12 September 2016, the (i) SEM All Share Index to include GBC 1 companies and foreign currency denominated companies and the (ii) SEM-Volume Weighted Average Price Index



The Stock Exchange of Mauritius is pleased to announce the launching of two new indices, the SEM All Share Index (SEM-ASI) and the SEM Volume Weighted Average Price Index (SEM-VWAP) on September 12, 2016.  In the light of the introduction of SEM-ASI, some consequential changes are being brought to two of SEM’s current indices, namely the SEMDEX and the SEMTRI.


 

SEM All Share Index (SEM-ASI)

In the wake of SEM’s internationalisation efforts post-2008, a number of Global Business Companies Category 1 (GBC 1) and other international products have been listed on the Exchange’s platform. The performances of these GBC 1 companies have, so far, not been captured by SEM’s existing indices.  With a view to acknowledging the contribution of GBC 1 companies and foreign-currency denominated international companies to its internationalisation strategy, the SEM is creating the SEM All Share Index (SEM-ASI).  SEM-ASI will include the current constituents of SEMDEX but will also be comprised of foreign-currency denominated (USD, EURO, GBP and ZAR), GBC 1 and international companies.  The inclusion of these new constituents will not only boost SEM’s market capitalisation (by Rs 105 billion as of 31st August 2016), but will also give a better reflection of the effective size of our market and enhance the profile of Mauritius as an International Financial Centre.


 

SEM- Volume Weighted Average Price (SEM-VWAP) Index

The SEM is also launching the SEM Volume Weighted Average Price Index (SEM-VWAP) on the Official Market which is calculated based on the Volume Weighted Average Price Index (SEM-VWAP) of ordinary shares forming part of SEM-ASI.

The calculations of SEM market indices are based on the last traded price of securities.  The SEM VWAP Index provides a new dimension through the use of volume weighted average price as a basis for the calculation of the index.


 

Consequential Changes to the SEMDEX and SEMTRI

In the light of the introduction of SEM-ASI, some consequential changes have been brought to two of SEM’s current indices, namely the SEMDEX and the SEMTRI.


SEMDEX as from 12th September 2016 solely focuses on tracking the price movements of rupee-denominated companies which meet SEM’s free-float requirements as defined in the Listing Rules of the Official Market.

SEMTRI as from the 12th September 2016 tracks the evolution of the new version of SEMDEX, which are comprised of Mauritius-Rupee-denominated constituents only.

 

 

On the 10th of October 2016, the SEM is launching a new Total Return Index, SEMTRI-ASI, which tracks the evolution of SEM-ASI’s constituents.



Issuers, Investors and the public are invited to click here for more details.





05-Sep-2016