Sept 14 (Reuters) - New Mauritius Hotels was the top performing stock in Africa, excluding South Africa, in the week to Sept 11, according to Nex Rubica data released this week.
Below is a weekly table of the five best and worst performing stocks in Africa, excluding South Africa.
Top Five Percent change Percent change YTD
New Mauritius Hotels 10.66 75.32
Benue Cement 8.29 141.67
State Bank of Mauritius 8.00 58.82
Sidi Kerir Petrochemicals 5.94 17.44
Mauritius Commerical Bank 4.55 15.00
Bottom Five Percent change Percent change YTD
Union Bank of Nigeria -22.46 -44.80
Oceanic Bank -18.35 -71.20
Intercontinental Bank -18.18 -60.36
Dangote Sugar -12.44 -9.61
Kenya Commercial Bank -4.49 -9.57
Note - The Nex Rubica methodology ranks shares with a minimum market cap of US$500M and a free float of greater than 25 percent within each issuer. It is a free float adjusted, market cap weighted index that aims to capture over 50 percent of the (publicly available) total market capitalisation of stocks in the region.
It applies cross-ownership and local legal restriction screens to stocks with a market cap greater than one percent of each country's total. Component companies are adjusted for available float, unavailable strategic shareholdings and limitations to foreign ownership.
For more information contact info@nexrubica.com (Compiled by Gugulakhe Lourie; Editing by Jon Loades-Carter)