Sub-Saharan Africa Stocks: EA Portland Cement, Mauritius Leasing
Mauritius’s SEMDEX Index (SEMDEX) advanced for the first time in four days, gaining 0.5 percent to 1,858.56 by the end of trading in Port Louis, the capital.
Kenya’s All-Share Index (NSEASI) rose for the first day in three, adding 0.3 percent to 54.36 by 12:40 p.m. in Nairobi. The Nigerian Stock Exchange All-Share Index (NGSEINDX) advanced for a fourth day, rising 0.1 percent to 20,148.36 by 10:40 a.m. in Lagos. The FTSE/Namibia Overall Index (FTN098) was little changed at 832.46 by 10:31 a.m. in Windhoek. The Ghana Stock Exchange Composite Index slid 2.2 percent to 919.63 by 9:41 a.m. in Accra.
The following shares are among the active stocks in sub- Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
East African Portland Cement Co. (EAPC) , a Kenyan manufacturer of the building materials, declined to a three-week low, dropping 2.7 percent to 54.50 shillings. The company will slash future dividend payouts to boost cash reserves for financing expansion, the Business Daily newspaper said, citing Managing Director Kepha Tande.
Mauritius Leasing Co. (MLC) , which provides leasing facilities for movable assets and equipment, rose the most in almost three weeks, climbing 2.2 percent to 7.10 rupees. The European Investment Bank, the European Union’s long-term lending institution, will provide 5 million euros in funding through Mauritius Leasing Co. to support small and medium-sized companies in the island nation.
To contact the reporters on this story: Stephen Gunnion in Johannesburg at firstname.lastname@example.org;
To contact the editor responsible for this story: Gavin Serkin at email@example.com