Bloomberg News

Sub-Sahara Africa Stocks: Kenya Airways, Mumias Sugar Are Active

June 06, 2012

The Nigerian Stock Exchange All-Share Index (NSEASI) dropped 1.1 percent to 21,383.61 in Lagos, according an e- mailed statement from the bourse, a seventh day of declines and the longest losing streak since April.

The FTSE/Namibia Overall Index (FTN098) jumped 1.6 percent to 882.72 in Windhoek, a fourth day of gains. Mauritius’s SEMDEX Index (SEMDEX) fell for a third day, weakening 0.2 percent to 1,794.25 in Port Louis. Kenya’s All-Share Index slid for a second day, losing 0.2 percent to 63.95 in Nairobi.

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

Kenya Airways Ltd. (KNAL) , sub-Saharan Africa’s third biggest carrier, fell 0.7 percent to 14.85 shillings, the lowest since May 30, after the airline had to divert 12 incoming flights as Nairobi’s main airport was closed after an Egypt Air plane veered off the runway as it was landing earlier today.

Mumias Sugar Co. (MSUG) , Kenya’s biggest producer of the sweetener, rose 0.9 percent to 5.75 shillings as the commodity advanced.

NIC Bank Ltd. (NICB) , a Kenyan lender, climbed to a two- week high, increasing 0.7 percent to 35 shillings after an independent analyst recommended buying the shares.

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

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


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