Sub-Sahara Africa Stocks: Innodis, Kenya Airways, Oando Move

Kenya’s All-Share Index (NSEASI) declined for the first time in eight days, falling less than 0.1 percent to 66.93 by the close in Nairobi, ending the longest winning streak since March.

The Nigerian Stock Exchange All-Share Index fell 0.8 percent to 21,348.11 in Lagos, according to data compiled by Bloomberg. Mauritius’s SEMDEX Index (SEMDEX) slid 0.1 percent to 1,782.26 by the end of trading in Port Louis. The FTSE/Namibia Overall Index (FTN098) declined 1.2 percent to 914.87 in Windhoek.

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

Innodis Ltd. (HWF) , Mauritius’s biggest food company by market value, advanced the most in more than a month after announcing a 20 percent increase in its final dividend for fiscal 2012. The shares climbed 3.1 percent to 43.80 rupees.

Kenya Airways Ltd. (KNAL) , sub-Saharan Africa’s third- biggest airline, declined for a second day, dropping 0.8 percent to 13.20 shillings. Additional shares issued through a rights offer began trading on the Nairobi Securities Exchange today.

Oando Plc (OANDO) , a Nigerian energy company, fell to the lowest in almost nine years, sliding 1.3 percent to 14.76 naira. Oil tumbled below $80 a barrel for the first time in eight months on weak economic data out of the U.S., China and Europe that increased concern that demand will slow with supplies at the highest level in almost 22 years.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at

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

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