STOCKS NEWS AFRICA-West African bourse down on Sitab, Sgbci

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1532GMT 12Nov2010- West African bourse down on Sitab, Sgbci --------------------------------------------------------- West Africa's regional BRVM bourse falls in the week to Friday, weighed down by cigarette-maker Sitab and bank Sgbci. The all-share index sheds 1.16 percent to 157.32 points. Turnover in the five sessions is 1.84 billion CFA francs ($3.82 million), down from 2.23 billion CFA francs in the previous week's four sessions. The bourse was closed on Oct. 1 for a public holiday. Sitab falls by 3,500 CFA francs to 56,500 CFA and bank Sgbci declines by 3,220 CFA to 46,780 CFA. No reason was given by traders about the fall. Gainers included oil retailer Shell Cote d'Ivoire, which is up by 3,980 CFA to 15,880 CFA, and shipping company Bollore Africa Logistics, which adds 500 CFA to 46,500 CFA. (Reporting by Loucoumane Coulibaly) ($1=481.8 Cfa Franc) 1359GMT 12Nov2010 -Oando surges in S.Africa, Q3 profit up --------------------------------------------------------- Shares in Oando Plc jump more than 9 percent in Johannesburg as the Nigerian-based energy firm says pre-tax profit rose 61 percent in the quarter to September. Oando, which also trades in Lagos, is trading 9.12 percent higher at 3.59 rand. Reuters Messaging rm//: 1239GMT 12Nov2010 -Air Mauritius rises on Q2 results ---------------------------------------------------- Shares in Air Mauritius gain 8.2 percent to 17 rupees as company posts a 71 percent jump in pre-tax profit thanks to higher passenger and cargo numbers. "The company posted a good second quarter results and said it was confident to sustain the upward trend over the next quarters. The closure of its hedging contract is also seen as positive," Kishen Nadessen, senior research analyst at Cim Stockbrokers, says. Reporting by Jean Paul Arouff; 1130GMT 12Nov2010 - Richemont S.Africa shares surge as H1 shines ---------------------------------------------------------------- Johannesburg-listed shares of Richemont surge after the luxury goods maker's first-half profit nearly doubles, beating expectations thanks to strong demand for Cartier watches, Montblanc pens and jewellery in Asia. "A blow-out set of figures," says Jon Cox of Kepler Capital Markets. Shares of Richemont, which are up nearly 50 percent this year already, jump 4.8 percent to 38.30 rand. Reuters Messaging rm//: 0715GMT 12Nov2010 - S.Africa's Top-40 lower as global shares slump ------------------------------------------------------------------- Johannesburg's Top-40 index falls 0.8 percent to 27,875.61, on track for its biggest one-day loss in about three weeks as investors unload mining firms and other recent gainers after risk appetite is blunted by a sell-off in Asia and investor concern over Ireland's debt woes. Shares of AngloGold Ashanti fall 2.8 percent to 347.05, erasing gains from the previous session when it rose after beating its third-quarter guidance. Asian stocks fell on Friday, with Shanghai tumbling more than 5 percent and Japan's Nikkei falling more than 1 percent, hit by concern about possible further monetary tightening by China. Concern about further euro zone debt troubles also weighed on shares. Reuters Messaging rm//: 0715GMT 12Nov2010 - Coal of Africa surges, resolves with government ------------------------------------------------------------------- Shares of Coal of Africa surge in Johannesburg trade after the miner says it has reached an agreement with South Africa's Mpumalanga provincial government over environmental concerns that could have caused the closure of its Mooiplaats colliery. The government told Coal of Africa last week to shut down the operation within 24 hours or submit an application to show how the environmental issues would be rectified, a company official told Reuters last week. The official declined to elaborate on the environmental problem. Shares of Coal of Africa are up 7 percent at 8.4 rand, having risen as much as 12 percent at the start of trade. Reuters Messaging rm//: Keywords: MARKETS AFRICA STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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