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Sub-Sahara Africa Stocks: Air Mauritius, Flour Mills of Nigeria

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Nov. 14 (Bloomberg) -- Mauritius’s SEMDEX Index advanced for the eighth day, the longest rally since April 1, increasing 0.2 percent to 1,923.95 by the end of trading.

Kenya’s All-Share Index snapped three days of gains, falling 1.1 percent to 57 in Nairobi. The Nigerian Stock Exchange All-Share Index rose for the first day in four, increasing less than 0.1 percent to 20,426.19 in Lagos, according to a statement from the bourse’s website. The Ghana Stock Exchange Composite Index fell for a fifth day, declining 0.2 percent to 995.51 in Accra. The FTSE/Namibia Overall Index climbed 0.1 percent to 821.08 in Windhoek.

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

Air Mauritius Ltd. (AML MP) dropped 13 percent to 15.60 rupees, the biggest retreat since June 2009 and its lowest level since November 2010. Sub-Saharan Africa’s fourth-largest airline reported a loss of 7.25 million euros ($10 million) for the three months through September from a profit of 4.97 million euros a year earlier on rising fuel costs and as the debt crisis in Europe, its main market, curbed the number of visitors, it said on Nov. 12.

Flour Mills of Nigeria Plc (FLOURMIL NL), which processes grains and sells cement, jumped 3.3 percent to 62 naira, the most since Oct. 26. Shareholders participating in a rights offer will receive eight shares at 62 naira each for every 33 held, Esili Eigbe, an analyst with Stanbic IBTC Bank Plc, which is managing the sale, said by phone from Johannesburg today.

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