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.

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To contact the editor responsible for this story: Gavin Serkin at

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