Sub-Sahara Africa Stocks: Kenya Airways; Rogers of Mauritius
The Nigerian Stock Exchange All- Share Index declined for a seventh day, falling 0.3 percent to 19,762.31 by 12:37 p.m. in Lagos and heading for the lowest close since December 2003, according to data compiled by Bloomberg.
Kenya’s All-Share Index weakened 0.6 percent to 55.14 by 2:38 p.m. in Nairobi, heading for the lowest close since November 2009. The Ghana Stock Exchange Composite Index gained less than 0.1 percent to 997.87 by 11:39 a.m. in Accra. In Mauritius, the SEMDEX Index rose 0.1 percent to 1,883.66 by the 1:30 p.m. close in Port Louis. Namibia’s FTSE/Namibia Overall Index (FTN098) was unchanged at 791.10 by 12:54 p.m. in Windhoek.
Kenya Airways Ltd. (KNAL) , sub-Saharan Africa’s third- biggest airline, slumped 1.75 shillings, or 6.5 percent, to 25 shillings. Shareholders approved a plan for the company to double its share capital, Kenya Airways Chairman Evanson Mwaniki said today in Nairobi.
Rogers & Co. (ROGERS MP), a Mauritian company with interests in financial services and aviation, surged 18 rupees, or 6.4 percent, to 300 rupees, the biggest gain since May 2009, after saying its insurance units will merge with those of Swan Insurance & Co and Anglo-Mauritius Assurance Society Ltd.
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