Sub-Sahara Africa Stocks: Gamma Civic of Mauritius, Nation Media

The Ghana Stock Exchange Composite Index climbed for a second day, increasing 0.7 percent to 1,188.91 by the 3 p.m. close in Accra, the highest close since May 18.

Namibia’s FTSE/Namibia Overall Index (FTN098) rose for the fifth day, gaining 0.8 percent to 842.86 by the 4 p.m. close in Windhoek, the longest winning streak since March 25. The Nigerian Stock Exchange All-Share Index snapped three days of declines, increasing 0.3 percent to 24,995 by 2:30 p.m. in Lagos, according to data compiled by Bloomberg. Kenya’s All- Share Index gained for a fourth day, advancing 0.2 percent to 70.50 by the 3 p.m. close in Nairobi. Mauritius’s SEMDEX Index climbed for a second day, adding 0.3 percent to 2,097.74 by the 1:30 p.m. close in Port Louis.

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

Gamma Civic Ltd. (GML) , Mauritius’s largest construction company by market value, gained 7 rupees, or 1.7 percent, to 420 rupees, the highest level since May 9, after the saying a unit of French builder Colas SA subscribed to half the capital of its materials division.

Nation Media Group (NMG KN), East Africa’s biggest publishing company, rose for a third day, advancing 1 shilling, or 0.6 percent, to 167 shillings, the highest price since June 10. The Nairobi-based company was rated “accumulate” in new coverage at Kestrel Capital East Africa Ltd. The stock has a fair value of 187.7 shillings ($2.10), the brokerage said in an e-mailed statement today.

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

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.