Bloomberg News

Sub-Sahara Africa Stocks: Mauritius Commercial Bank, Unga Group

June 22, 2011

June 22 (Bloomberg) -- Kenya’s All-Share Index fell 1.1 percent to 70.15 by the 3 p.m. close in Nairobi, the lowest since April 2010.

The Nigerian Stock Exchange All-Share Index snapped nine days of losses, adding 0.7 percent to 25,062.69 by the 2:30 p.m. close in Lagos, according to an e-mailed statement from the bourse. Mauritius’s SEMDEX Index rose for the first day in three, climbing 0.4 percent to 2,091.20 by the 1:30 p.m. close in Port Louis. The Ghana Stock Exchange Composite Index declined 0.2 percent to 1,186.34 by the 3 p.m. close in Accra. Namibia’s FTSE/Namibia Overall Index dropped 0.4 percent to 814.64 by the 4 p.m. close in Windhoek.

The following shares rose or fell in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Ciel Investment Ltd. (CIEL MP), a Mauritian investment- holding company, retreated 0.05 rupee, or 1.3 percent, to 3.75 rupees, the lowest level since June 10. Full-year profit declined 54 percent to 203.8 million rupees ($7.2 million) in the year through March, the company said in a statement today.

Mauritius Commercial Bank (MCB MP), the Indian Ocean island nation’s largest lender by market value, advanced 2 rupees, or 1.1 percent, to 190 rupees, the highest level since February 2008, after saying it will pay a dividend of 3.25 rupees for the year through June.

Unga Group Ltd. (UNGL KN), a Kenyan grain miller, snapped two days of gains, losing 55 cents, or 5.2 percent, to 10 shillings, the lowest closing level since June 13, after Business Daily reported retailers have started rationing corn flour due to shortages.

--Editors: Ana Monteiro, Linda Shen

To contact the reporter on this story: Chris Kay in London at ckay5@bloomberg.net

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


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