Foreign Investors Continue to Buy Bank and Hotel Stocks

From 11 to 17 January 2012, foreign investors bought Rs 25.5 million shares and sold for Rs 4.2 million only.

As usual, they are banking stocks that attract the most foreign. So they purchased for Rs 12.4 million shares in the Mauritius Commercial Bank, about 75,000 titles or so. They sold 16,600 shares, representing 2.7 million to Rs.

The State Bank of Mauritius is also popular with many foreigners with an amount of about Rs 4.2 million invested in 50,300 shares. However, they have sold nearly Rs 1.2 million bank of this title.

On the other hand, despite the difficulties in the tourism sector, shares of the hotel group New Mauritius Hotels are always popular with foreigners. They bought for Rs 3.8 million. No shares were sold, however.

Other values ??such as Sun Resorts hotel or Lux Resorts (formerly Naiad) were also purchased, albeit in a smaller proportion. No sales were recorded.

The year 2012 began much like 2011 ended with always the same companies that interest foreign investors. They have acquired nearly Rs 30 million shares and sold for Rs 6.6 million.

Preferences went to the bank stocks and New Mauritius Hotels, mainly. Note the interest in Rogers with Rs 4 million of securities purchased.

Despite the positive foreign investment, the stock market continues to tumble, with a decline in the overall index, the Semdex of 1893 January 6, 2012 points to go down to 1852 points Friday, January 20.