STOCKS NEWS AFRICA-West Africa bourse rises on Sodeci, Saph

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1716GMT 05Oct12 - West Africa bourse rises on Sodeci, Saph ----------------------------------------------------------

West Africa's regional BRVM bourse closes slightly up in the week to Friday for its third consecutive weekly gain, propelled by water utility Sodeci and natural rubber producer Saph .

The all-share index adds 0.17 percent to 148.53 points with a sharp rise in turnover to 2.10 billion CFA francs ($4.2 million) during the five sessions from 729.1 million CFA in the five sessions last week.

Sodeci climbs 2,100 CFA to 33,000 CFA and Saph adds 50 CFA francs to 38,500, both with investors anticipating good dividends for 2012.

Household goods retailer Bernabe falls 3,335 CFA to 41,165 CFA and bank Socgen drops 105 CFA to 48,000 CFA. Traders gave no particular reason for the fall in the share prices.

The BRVM appointed Edoh Kossi Amenounve as its new manager on Oct. 1, according to a statement posted on the bourse's website during the week. Former manager Jean-Paul Gillet was sacked late on July.

($1 = 502.2640 CFA francs) 1226GMT 05Oct12 - S.Africa's Pick n Pay plunges, sees lower profit ------------------------------------------------------------------

Shares in Pick n Pay fall more than 6 percent as the South African food retailer says first-half profit likely declined by as much as 40 percent due to intensified competition and poor availability of stock from suppliers.

Pick n Pay, which named former UK head of Tesco, Richard Brasher, as its new chief executive this week, is down 6.2 percent at 43.99 rand.

Reuters Messaging: 1115GMT 05Oct12 - South African miners surge on bargain hunting ------------------------------------------------------------

Shares of Anglo American and other resource companies lead the gainers on the benchmark index as investors chase bargains in a sector battered in recent days by a wave of wildcat strikes.

A weaker rand and higher metal prices add to bullish sentiment. South African mining companies benefit from a weaker rand because they sell commodities for dollars but pay most of their costs in rand.

Anglo shares rise 3.25 percent to 257.81 rand while shares in platinum producers add more than 2 percent, even as labour unrest continues to close operations.

Harmony Gold is 2.3 percent higher at 68.44 rand and AngloGold Ashanti adds 2 percent to 290.54 rand as the weaker rand and higher dollar gold price push bullion priced in rand to record levels.

Reuters Messaging: