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Sub-Saharan African Stocks: Flour Mills, Mauritius Union

By Eric Ombok and Vincent Nwanma

Dec. 17 (Bloomberg) -- The Nigerian Stock Exchange’s All- Share Index gained, advancing 81.34, or 0.4 percent, to 20,640.03.

Mauritius’ SEMDEX Index fell 0.3 percent to 1,647.43, Kenya’s All-Share Index added 0.1 percent to 56.89, and Namibia’s FTSE/Namibia Overall Index rose 0.2 percent at 768.24. The following shares rose or fell in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Flour Mills of Nigeria Plc (FLOURMIL NL) gained for a third day after it said first-half profit doubled to 4.89 billion naira ($36.6 million). The stock rose 1.80 naira, or 5 percent, to 37.99 naira in Lagos.

Mauritius Union Assurance Co. (MUA MP), an insurer operating on the Indian Ocean island nation, climbed for a third day after saying it would increase its stake in National Mutual Fund to 98.57 percent on Dec. 31. The stock climbed 2 Mauritian rupees, or 2.3 percent.

Sasini Ltd. (STCL KN), a Kenyan tea and coffee producer, climbed for a fourth day after coffee prices surged in the last auction of the year. The stock gained 20 cents, or 2.8 percent, to 7.4 shillings.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net; Vincent Nwanma in Lagos via Johannesburg on asguazzin@bloomberg.net


Source: Bloomberg

Tags:Sub-Saharan African Stocks: Flour Mills, Mauritius Union
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