Bloomberg News

Sub-Saharan Africa Stocks: Sasini Gains, Omnicane Rises

March 30, 2012

The Nigerian Stock Exchange All- Share Index (NGSEINDX) declined for a sixth day, and closed 0.5 percent down at 20,652.47 in Lagos, according to data compiled by Bloomberg.

The FTSE/Namibia Overall Index (FTN098) gained for the first time in three days, rising 0.6 to 887.72 by the close in Windhoek, the capital. Kenya’s All-Share Index (NSEASI) advanced 0.1 percent to 59.81 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) gained for a ninth day, its longest winning streak in a year, adding 0.7 percent to 1,806.05 by the close in Port Louis.

The following shares were active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Omnicane Ltd. (MTMD) , a Mauritian sugar producer with interests in energy, closed at the highest in more than 10 weeks, jumping 1.4 percent to 73 rupees. Net income climbed to 392.9 million rupees ($13.5 million) in the 12 months through December, from 248.9 million rupees a year earlier, the Port Louis-based company said in a statement on the Stock Exchange of Mauritius’s website today.

Sasini Ltd. (STCL) , a Kenyan tea and coffee grower, climbed 2.8 percent to 11.05 shillings. The Tea Board of Kenya said it plans to increase shipments of processed and packaged tea to boost foreign-exchange earnings. The bulk of Kenya’s tea produce is currently sold in bulk.

Editors: Peter Branton, Ana Monteiro

To contact the reporters on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net Jana Marais in Johannesburg at jmarais@bloomberg.net

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


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