STOCKS NEWS Reuters Results diary
Stocks on the move Real-time Equity News
1544GMT 09June10
Morocco's stocks up led by Maroc Telecom
Morocco's bourse rises for a third day on gains by leading blue chips as investors warmed to the country's positive macro-economic conditions, one trader says.
'The biggest stocks extended gains mainly because of renewed interests by foreign investors heartened by the country's good macro-economic situation,' said Bachir Tazi, a trader from CFG brokerage.
Maroc Telecom rises 1.9 percent and property developer edges up 0.04 percent while Attijariwafabank adds 0.62 percent and conglomerate ONA advances 0.24 percent.
The benchmark all-share index rises 0.45 percent, bringing to 17.49 percent its total gains for the year so far.
(Lamine Ghanmi; +212 537 720065)
1415GMT 09June10
Nigeria's Ashaka Cement falls after '09 profits
Shares of Ashaka Cement drop almost three percent as the Nigerian firm posts a more than 30 percent decline in full-year pre-tax profit.
Ashaka slips 2.91 percent to 19 naira, lagging a slightly lower All-share index.
Other decliners include Lafarge Wapco Cement and Intercontinental Bank down 5 percent, Sterling Bank, Pepsi franchise Seven Up and Dangote Sugar all shed more than four percent.
(Reuters Messaging: oludare.mayowa@thomsonreuters.com)
0845GMT 09Jun10
SAfrica's Omnia drops after weak FY results
Shares of Omnia Holdings drop 2.4 percent to 60.50 rand after the maker of fertilizer and chemicals posts an 89 percent decline in full-year profit, hit by weak commodity prices and a stronger rand.
The company also says it will raise up to 1 billion rand ($129.2 million) through a share offering.
'Omnia's results are unflattering,' says Kholofelo Maele, an analyst at Frost & Sullivan. 'Its sensitivity to commodity prices and currency fluctuations has been clearly exposed'. ($1=7.737 Rand) Keywords: MARKETS AFRICA STOCKSNEWS (Reuters Messaging: tiisetso.motsoeneng.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stocks on the move Real-time Equity News
1544GMT 09June10
Morocco's stocks up led by Maroc Telecom
Morocco's bourse rises for a third day on gains by leading blue chips as investors warmed to the country's positive macro-economic conditions, one trader says.
'The biggest stocks extended gains mainly because of renewed interests by foreign investors heartened by the country's good macro-economic situation,' said Bachir Tazi, a trader from CFG brokerage.
Maroc Telecom rises 1.9 percent and property developer edges up 0.04 percent while Attijariwafabank adds 0.62 percent and conglomerate ONA advances 0.24 percent.
The benchmark all-share index rises 0.45 percent, bringing to 17.49 percent its total gains for the year so far.
(Lamine Ghanmi; +212 537 720065)
1415GMT 09June10
Nigeria's Ashaka Cement falls after '09 profits
Shares of Ashaka Cement drop almost three percent as the Nigerian firm posts a more than 30 percent decline in full-year pre-tax profit.
Ashaka slips 2.91 percent to 19 naira, lagging a slightly lower All-share index.
Other decliners include Lafarge Wapco Cement and Intercontinental Bank down 5 percent, Sterling Bank, Pepsi franchise Seven Up and Dangote Sugar all shed more than four percent.
(Reuters Messaging: oludare.mayowa@thomsonreuters.com)
0845GMT 09Jun10
SAfrica's Omnia drops after weak FY results
Shares of Omnia Holdings drop 2.4 percent to 60.50 rand after the maker of fertilizer and chemicals posts an 89 percent decline in full-year profit, hit by weak commodity prices and a stronger rand.
The company also says it will raise up to 1 billion rand ($129.2 million) through a share offering.
'Omnia's results are unflattering,' says Kholofelo Maele, an analyst at Frost & Sullivan. 'Its sensitivity to commodity prices and currency fluctuations has been clearly exposed'. ($1=7.737 Rand) Keywords: MARKETS AFRICA STOCKSNEWS (Reuters Messaging: tiisetso.motsoeneng.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.