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Sub-Sahara Africa Stocks: Air Mauritius, Kenya Airways Move

The Nigerian Stock Exchange All-Share Index snapped three days of gains, falling 0.2 percent to 21,298.63 in Lagos, according to an e-mailed statement from the bourse.

The FTSE/Namibia Overall Index slipped 0.7 percent to 891.05 in Windhoek. Mauritius’s SEMDEX Index rose for a second day, climbing 0.1 percent to 1,791.7 by the close in Port Louis. Kenya’s All-Share Index advanced 0.3 percent to 65.1 in Nairobi.

Air Mauritius Ltd. (AML MP), sub-Saharan Africa’s fourth biggest airline, fell for a third day, declining 1.9 percent to 10.50 rupees, the lowest since May 2009. The airline swung to a loss in fiscal 2012, it said yesterday.

Kenya Airways Ltd. (KNAL KN), sub-Saharan Africa’s third-biggest carrier, fell 0.7 percent to 13.90 shillings, the lowest close since March 27, after saying full-year profit plunged on higher fuel costs, missing analyst estimates.

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