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Mauritius Stocks Decline to 17-Month Low, led by Bank, Hotels

Feb. 28 (Bloomberg) -- Mauritius’s stock gauge fell for a sixth consecutive day to its lowest level in almost 17 months, led by State Bank of Mauritius Ltd. and hotels.

The 38-member SEMDEX index retreated 0.4 percent to 1,791.51, its lowest since Oct. 2010 as of 11:36 a.m. in Port Louis, the capital.

State Bank, the second-biggest lender by market value, dropped 1.2 percent, the most since Jan. 31, to 80 rupees. New Mauritius Hotels Ltd., the biggest leisure operator, fell 2.1 percent to 70 rupees, its lowest intraday level since March 2009.

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

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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