In a communiqué on its website, the Stock Exchange of Mauritius Ltd (SEM) and the Central Depository & Settlement Co. Ltd (CDS) have announced an extension to its trading hours, effective Monday, April 20, where the continuous trading session is extended by one hour.
Trading session will open at 09:30 hrs (GMT+4) to close at 15:00 hrs (GMT+4), as compared to the current schedule of 10:00 hrs (GMT+4) to 14:30 hrs (GMT+4). SEM informs that the extension of its trading hours constitutes a step towards fostering a more conducive environment for longer trading hours in the future, in adhering to global trends.
The latter trend is driven by the growth of mobile trading, increase in retail investor participation and the need for greater time-zone flexibility.
An initiative that forms part of the broader set of transformative changes implemented by SEM and CDS, designed to enhance market infrastructure, support the internationalisation of the platform, and move up the value chain of services leveraged to the exchange stakeholders, such as investors, investment dealers, market-makers, custodians, data distributors, and index providers.
The exchange further informs that the publication of the daily Market Information Sheet for the Official Market and the DEM is scheduled for 4.15 p.m., and that market participants are encouraged to take note of changes and ensure operational readiness ahead of the implementation date.
