African Markets - Factors to watch on Nov 11

Nov 11 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday - - - - GLOBAL MARKETS Asian stocks rose for a fourth day on Wednesday as reports showed Chinese factory output jumped to a 19-month high in October, while the ailing U.S.

dollar hovered near a 15-month low. The MSCI index of Asia Pacific stocks outside Japan was up 0.4 percent on Wednesday, with the materials and consumer staples sectors outperforming, while Japan's Nikkei rose 0.2 percent. SOUTH AFRICAN MARKETS South Africa's rand firmed to a three-week high against the dollar and euro on Tuesday, bolstered by strong commodity prices, while banking shares pulled Johannesburg's bourse up. The Johannesburg Top-40 index rose 0.1 percent to 23,754.21 points, while the broader All-Share index added 0.12 percent to 26,375.93 points. AFRICAN MARKETS For all the latest news on all African stock click on KENYA MARKETS The benchmark NSE 20-share Index rose 11.77 points to close at 3,094.13 points on Tuesday, compared with the previous day's close. The All Share Index dipped by 0.02 points to close at 68.21 points on Tuesday. The Kenyan shilling was little changed against the U.S. dollar on Tuesday on interbank trading in a quiet market. Ratings agency S&P on Tuesday affirmed Kenya's 'B' rating and kept a positive outlook for east Africa's largest economy. KENYA TEA The price of best Kenyan Broken Pekoe tea (BP1s) rose to a new record at this week's auction in Mombasa thanks to good demand, brokers said on Tuesday. NIGERIA Nigerian household products maker PZ Cussons' pre-tax profit jumped 9.6 percent to 850 million naira ($5.66 million) in its first quarter to the end of August, the company said on Tuesday. Nigerian food and beverages group Nestle recorded a 24 percent rise in pretax profit to 10.0 billion naira ($67 million) in the nine months to Sept.

30, the company said on Tuesday. MAURITIUS MARKETS Banks and Hotels rallied on Tuesday to push Mauritius' benchmark SEMDEX index up 0.91 percent to 1668.55 points. Luxury hotel groups Naiade Resorts and New Mauritius Hotels were up 1.95 percent and 1.50 percent respectively. Mauritius Commercial Bank, the island's most traded stock, gained 0.70 percent to settle at 142 rupees per share. ETHIOPIA ROAD China has agreed to provide a $349 million loan to Ethiopia for the construction of a 79 km (49 mile) highway between the capital Addis Ababa and Adama, a business hub in the east of the Horn of Africa nation. ANGOLA OIL Brazilian state-owned Petrobras is interested in developing Angola's ultra-deepwater oil exploration, known as pre-salt, Brazil's Trade and Development Minister Miguel Jorge said on Tuesday. ZIMBABWE CENTRAL BANK Zimbabwe's government has failed to attract funding from foreign donors for next year's budget because they feared the money could be misused if the central bank is not reformed, the finance minister said on Tuesday. ZAMBIA COPPER MINE Miners at Zambia's Konkola Copper Mines (KCM), a unit of London-listed Vedanta Resources Plc, stopped work briefly on Tuesday in a protest over wages, disrupting some mining operations, KCM, Zambia's largest copper producer, said. EMERGING MARKETS For the top emerging markets news, double click on COMMODITIES For the latest precious metals report click on For the latest base metals report click on For the latest crude oil report click on Keywords: MARKETS AFRICA FACTORS/ (Compiled by Nairobi newsroom) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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