Sub-Sahara Africa Stocks: Mumias Sugar, Total Kenya Are Active
Mauritius’s SEMDEX Index advanced for a fourth day, adding less than 0.1 percent to 1,910.99 by the 1:30 p.m. close of trade in Port Louis.
Kenya’s All-Share Index declined 0.1 percent to 57.09 by the close of trade in Nairobi, after a delayed start because of a technical problem. The FTSE/Namibia Overall Index (FTN098) rose for a second day, gaining 0.9 percent to 825.63 by the 4 p.m. close in Windhoek, the capital. The Ghanaian and Nigerian markets were closed for a holiday.
Mumias Sugar Co. (MSUG KN), Kenya’s biggest producer of the sweetener, closed at its lowest in more than two years, declining 3.5 percent to 5.55 shillings. Raw sugar for March delivery fell as much as 0.5 percent to 25.19 cents a pound on ICE.
Total Kenya Ltd. (TKNL) , the local unit of Total SA, rallied 1.6 percent to 16.35 shillings, erasing yesterday’s 1.5 percent decline. Oil rose to the highest price in more than three months in New York on signs of shrinking stockpiles in the U.S. and amid speculation European leaders will make progress in containing the region’s debt crisis.
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