25 de abril de 2014 / 17:43 / en 4 años

STOCKS NEWS AFRICA-Telecoms stocks boost West Africa bourse

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1741GMT 25APRIL14 - Telecoms boost West Africa bourse


West Africa’s regional BRVM bourse finishes higher in the week to Friday after falling for two consecutive weeks, led by Burkina Faso telecoms Onatel and Senegalese heavyweight Sonatel.

The all-share index BRVMCI adds 0.89 percent to 241.07 points on turnover of 943.8 million CFA francs ($1.99 million) in the four sessions, up from 889.9 million CFA francs in five sessions last week.

The Bourse was closed on Monday because of the Easter weekend.

Onatel climbs 1,060 CFA francs, or nearly 13 percent, to finish at 9,460 CFA francs, while Sonatel adds 200 CFA francs, or nearly 1 percent, to close at 22,500 CFA francs, both on dividend outlook, traders say.

On the downside, Socgen bank declines 6,245 CFA francs, or nearly 9 percent, to finish at 64,750 CFA francs, and natural palm oil producer Palmci sheds 200 CFA francs, or nearly 1 percent, to close at 16,500 francs, both on profit-taking, traders say.

($1 = 474.0430 CFA Francs)

Reporting By Loucoumane Coulibaly

0816GMT 24April14 - Kumba Iron Ore rise as production climbs


Shares of Kumba Iron Ore rise almost 3 percent after the company says production rose by 10 percent in the first quarter, compared to same period last year.

The Anglo American subsidiary says higher production at two of its mines boosted performance, while domestic sales volumes soared by 60 percent.

Its shares gain 2.71 percent to 384.36 rand.

Reporting by Nomatter Ndebele; +27 775 3155

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