The Stock Exchange of Mauritius has outgrown the tropical island, better known for its white sands than as a finance center, and is now setting its sights on the African mainland for expansion.

Having rapidly grown since its establishment 30 years ago, when brokers gathered around a blackboard once a week for about 10 minutes to put orders on the five available stocks, the Port Louis-based bourse’s main board now boasts about 150 listed securities including 60 companies on its main board. The total market capitalization for local companies is 256 billion rupees ($7.1 billion) and is heavily weighted toward banks and finance with those making up over 40% of the weighting on the main board. Other listings range from breweries to sugar producers.

Source: https://www.bloomberg.com/news/articles/2019-07-19/island-bourse-sets-course-for-the-mainland-pursuing-expansion?cmpid=socialflow-twitter-business&utm_medium=social&utm_source=twitter&utm_content=business&utm_campaign=socialflow-organic

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