Sub-Saharan African Stocks: Innodis, Gamma Civic of Mauritius Make Moves

Mauritius’s SEMDEX Index rose for a fifth day, adding less than 0.1 percent to 2,073.37, the highest since Feb. 20, 2008, by the 1:30 p.m. close in Port Louis.

Kenya’s All-Share Index increased for the third day in four, rising 0.2 percent to 78.31 by the 3 p.m. close in Nairobi, while Namibia’s FTSE Namibia Overall Index slid 0.2 percent to 923.36 by the 5 p.m. close in Windhoek. The Ghana Stock Exchange Composite Index declined for a second day, dropping 0.2 percent to 1,052.62 by 3 p.m. in Accra.

Nigeria’s stock exchange was closed for a public holiday.

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

Gamma Civic Ltd. (GML MP), a Mauritian construction company, advanced to its highest since 1995, increasing 9 rupees, or 2.8 percent, to 329 rupees and adding to a 5.3 percent gain yesterday. It swung back to profit in the second quarter as revenue climbed 71 percent to 1.61 billion rupees, the company said on Feb. 11.

Innodis Ltd. (HWF MP), Mauritius’s largest food company by market value, climbed the most in more than a year, gaining 1.1 rupees, or 3.6 percent, to 32.10 rupees, the highest level since Dec. 29.

The company said on Feb. 11 that profit for the second quarter through December almost doubled to 70.4 million rupees ($2.4 million).

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

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

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