Sub-Saharan African Stocks: Air Mauritius, C&I Leasing and Kenya Airways

Mauritius’s SEMDEX Index declined for a fifth day, the longest losing streak since June, dropping 0.9 percent to 1,697.41 by the 1:30 p.m. close in Port Louis.

Kenya’s All-Share Index retreated less than 0.1 percent by the close at 3 p.m. in Nairobi. Namibia’s FTSE/Namibia Overall Index climbed for a sixth day, the longest streak of gains since March rising 0.1 percent to 767.6 by 12:52 p.m. in Windhoek. The Ghana Stock Exchange All-Share Index advanced 0.1 percent to 6,743.99 by 11:52 a.m. in Accra.

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

Air Mauritius Ltd. (AML MP), sub-Saharan Africa’s fourth- biggest carrier, climbed the most since June 18, gaining 0.9 rupee, or 6.4 percent, to 15 rupees. The airline signed a one- year maintenance agreement with MAS Aerospace Engineering, a unit of Malaysian Airline System Bhd., to conduct checks and overhaul works on eight Airbus SAS planes, MAS said in a statement today.

C&I Leasing Plc (CILEASIN NL), a Nigerian leasing-finance company, fell the most in two weeks, retreating 14 kobo, or the maximum daily limit of 5 percent, to 2.66 naira after reporting profit for the year through January dropped 68 percent.

Kenya Airways Ltd. (KNAL KN), sub-Saharan Africa’s third- biggest carrier, snapped five days of declines, climbing 1 shilling, or 2.1 percent, to 47.75 shillings. The Daily Nation today reported a union representing about 3,000 of the airline’s workers called off a planned strike.

To contact the reporter on this story: Vincent Nwanma in Lagos via Johannesburg at vnwanma@bloomberg.net

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