The Stock Exchange of Mauritius serves as the backbone of the Exchange space in the country.
Since 1989, SEM has come a long way and its transformational journey and successful positioning as one of the leading Exchanges in Africa, is a quite enticing story. SEM today has a state-of-the-art operating system, trading is effected daily for six hours, the settlement cycle is T+3, the total market capitalisation has crossed the USD 8.5 billion mark (GDP ratio of 50%+). SEM’s transformative momentum took in effect a new turn in 2010 when the Exchange undertook a fundamental shift of its strategic orientation, embarking with the internationalisation of its operational and regulatory framework.
The outcome of this strategic shift has been quite compelling. 180+ securities are listed on SEM with 120 local listed issuers and 60 international listed issuers. Listed products cut across different asset-classes as SEM today boasts a streamlined listing regime catering for the specialist nature and requirements of a variety of asset classes. These cover equity products (ordinary/preference shares), debt products (fixed income/floating rate debt/specialist debt products and Eurobonds), ETFs, ETNs, DRs and Structured Products. The above products are issued and listed by domestic Issuers, International Issuers, Investment entities, Specialist companies (including GBCs) and Public sector issuers.
Likewise, SEM has contributed to the democratisation of the economy by allowing 120,000+ Mauritians directly acquire shares in the flagship local companies, helped companies raise USD 6.5+ billion over time to fund their growth, and create value for the vast majority of issuers that have chosen to list on its platform.”