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.

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

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.

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

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

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.