Sub-Sahara Africa Stocks: Air Mauritius, First Bank of Nigeria
Mauritius’s SEMDEX Index (SEMDEX) fell for a fourth day, retreating 0.5 percent to 1,815.03, the lowest close since October 2010.
The Nigerian Stock Exchange All-Share Index (NSEASI) rose for the first day in six, advancing 0.4 percent to 20,667 at the close in Lagos, according to an e-mailed statement from the bourse. Kenya’s All-Share Index declined for a second day, dropping 1.1 percent to 54.31 in Nairobi. The FTSE/Namibia Overall Index (FTN098) slid 0.2 percent to 932.07.
The following shares were active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
Air Mauritius Ltd. (AML) , sub-Saharan Africa’s fourth- biggest airline, dropped 3.7 percent to 14 rupees, the lowest close since August 2010, after saying it plans to cut long-haul flights and sell an Airbus plane after announcing a nine-month loss.
First Bank of Nigeria Plc (FIRSTBAN NL), the country’s third-biggest lender by market value, jumped the maximum 5 percent to 10.5 naira, the biggest gain since Dec. 16, as investors bet the lender will pay a “good” dividend, David Adonri, chief executive officer of Lambeth Trust & Investment Co., said by phone today.
To contact the reporter on this story: Chris Kay in Abuja at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org