Bloomberg News

Mauritius Commercial Set for Biggest Decline in Two Months

April 16, 2012

Mauritius Commercial Bank (MCB), the country’s biggest lender by market value, headed for its biggest decline in almost two months.

The stock retreated 2 rupees, or 1.2 percent, the most since Feb. 21 on a closing basis, to 165 rupees by 10:47 a.m., in Port Louis, the capital.

The lender has a 25 percent weight in the 38-member SEMDEX index of the exchange’s official market, according to data compiled by Bloomberg.

MCB MP <Equity>

NI STRINGER NI AFRICA NI AFRICAX NI AME NI CONS NI COS NI EM NI FIN NI GOV NI GOVMISC NI MAC NI MARKETS NI MAUR NI MOV NI SADC NI STK

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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