Sub-Sahara Africa Stocks: Mauritius Commercial Bank, Unga Group
Kenya’s All-Share Index fell 1.1 percent to 70.15 by the 3 p.m. close in Nairobi, the lowest since April 2010.
The Nigerian Stock Exchange All-Share Index snapped nine days of losses, adding 0.7 percent to 25,062.69 by the 2:30 p.m. close in Lagos, according to an e-mailed statement from the bourse. Mauritius’s SEMDEX Index rose for the first day in three, climbing 0.4 percent to 2,091.20 by the 1:30 p.m. close in Port Louis. The Ghana Stock Exchange Composite Index declined 0.2 percent to 1,186.34 by the 3 p.m. close in Accra. Namibia’s FTSE/Namibia Overall Index (FTN098) dropped 0.4 percent to 814.64 by the 4 p.m. close in Windhoek.
Ciel Investment Ltd. (CIEL) , a Mauritian investment- holding company, retreated 0.05 rupee, or 1.3 percent, to 3.75 rupees, the lowest level since June 10. Full-year profit declined 54 percent to 203.8 million rupees ($7.2 million) in the year through March, the company said in a statement today.
Mauritius Commercial Bank (MCB) , the Indian Ocean island nation’s largest lender by market value, advanced 2 rupees, or 1.1 percent, to 190 rupees, the highest level since February 2008, after saying it will pay a dividend of 3.25 rupees for the year through June.
Unga Group Ltd. (UNGL) , a Kenyan grain miller, snapped two days of gains, losing 55 cents, or 5.2 percent, to 10 shillings, the lowest closing level since June 13, after Business Daily reported retailers have started rationing corn flour due to shortages.
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