Bloomberg News

Sub-Saharan African Stocks Report: Naiade, Nigerian Breweries

September 30, 2011

Sept. 30 (Bloomberg) -- Kenya’s All-Share Index fell for a 10th day, the longest streak of losses since December, dropping 1.3 percent to 56.6 by the 3 p.m. close in Nairobi. The decrease extends its retreat this quarter to 20 percent.

In Mauritius, the SEMDEX Index rallied to the highest in more than two weeks, adding 0.9 percent to 1,900.93 by the end of trading at 1:30 p.m. in Port Louis.

Namibia’s FTSE/Namibia Overall Index fell for a third day, losing 0.9 percent to 760.86 by the 4 p.m. close in Windhoek. The Ghanaian measure rose for the first time in six days, surging 2 percent to 1,098.35 and the Nigerian bourse climbed 1.1 percent to 20,371.98, according to data compiled by Bloomberg.

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

Naiade Resorts Ltd. (NRL MP) added 0.2 rupee, or 0.7 percent, to 30 rupees. the highest in more than a week. Mauritius’s third-largest hotel operator, which changed its year-end to June from December, reported operating profit of 353 million rupees ($12.2 million) after a loss of 207.7 million rupees a year earlier, Chief Executive Officer Paul Jones told reporters yesterday.

New Mauritius Hotels Ltd. (NMH MP) climbed 2 rupees, or 2.5 percent, to 82 rupees, the strongest level in more than two weeks. The Indian Ocean island nation’s biggest leisure operator by market value will pay a final dividend of 0.5 rupee for its financial year through September, the company said in a statement e-mailed today by Port Louis-based CIM Stockbrokers Ltd.

Nigerian Breweries Plc (NB NL) gained for the first time in eight days, adding 3.8 naira, or the maximum limit of 5 percent, to 79.98 naira. The West African nation’s biggest brewer by market value bought Sona Systems Associates Business Management Ltd. and Life Breweries Co., it said in a statement published on the website of the Nigerian Stock Exchange today.

State Bank of Mauritius Ltd. (SBM MP) gained 2 rupees, or 2.4 percent, to 87 rupees, the biggest increase in more than three weeks. The nation’s second-largest lender by market value said profit rose 8.3 percent in the year through June as fees and commission revenue surged.

--Editors: Linda Shen, Emily Bowers

To contact the reporter on this story: Ana Monteiro in Johannesburg at amonteiro4@bloomberg.net

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


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