Bloomberg News

Sub-Sahara Africa Stocks: Air Mauritius, Kenya Airways Move

June 14, 2012

The Nigerian Stock Exchange All- Share Index snapped three days of gains, falling 0.2 percent to 21,298.63 in Lagos, according to an e-mailed statement from the bourse.

The FTSE/Namibia Overall Index (FTN098) slipped 0.7 percent to 891.05 in Windhoek. Mauritius’s SEMDEX Index (SEMDEX) rose for a second day, climbing 0.1 percent to 1,791.7 by the close in Port Louis. Kenya’s All-Share Index (NSEASI) advanced 0.3 percent to 65.1 in Nairobi.

Air Mauritius Ltd. (AML) , sub-Saharan Africa’s fourth biggest airline, fell for a third day, declining 1.9 percent to 10.50 rupees, the lowest since May 2009. The airline swung to a loss in fiscal 2012, it said yesterday.

Kenya Airways Ltd. (KNAL) , sub-Saharan Africa’s third- biggest carrier, fell 0.7 percent to 13.90 shillings, the lowest close since March 27, after saying full-year profit plunged on higher fuel costs, missing analyst estimates.

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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