Mauritius Caudan Development Heads for Lowest in Six Years

Caudan Development Ltd. (CAUDAN), a Mauritian company with interests in property, headed for its lowest level in almost six years.

The stock retreated 4 percent, its biggest daily decline since Sept. 20, to 1.20 rupee, by 12:15 p.m., in Port Louis, the capital. A close at this level will be its lowest since August 2006, according to data compiled by Bloomberg.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.