Bloomberg News

Sub-Sahara Africa Stocks: Barclays Bank of Kenya, KenolKobil

August 30, 2011

Aug. 30 (Bloomberg) -- The Ghana Stock Exchange Composite Index snapped the longest losing streak since the seven days through July 15, increasing 0.2 percent to 1,145.55 by the 3 p.m. close in Accra.

Mauritius’s SEMDEX Index rose for a second day, climbing 0.3 percent to 1,950.66 by the 1:30 p.m. close in Port Louis, the highest close since Aug. 16. Kenya’s All-Share Index advanced 0.5 percent to 61.26 by the 3 p.m. close in Nairobi, the biggest gain since Aug. 18. Namibia’s FTSE/Namibia Overall Index fell for the first day in three, sliding 0.2 percent to 784.44 by the 4 p.m. close in Windhoek. The Nigerian Stock Exchange was closed for a public holiday. All the above bourses barring Namibia’s will be closed for public holidays tomorrow.

The following shares rose or fell in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Barclays Bank of Kenya Ltd. (BCBL KN), the East African nation’s second-largest lender by market value, climbed 5 cents, or 0.4 percent, to 12.95 shillings, the biggest increase since June 23. Barclays Bank said it has agreed a 1.25 billion- shilling ($13 million) credit facility with Kenya Petroleum Refineries Ltd., allowing the company to buy and install a 10- megawatt power plant at its refinery in the coastal city of Mombasa.

KenolKobil Ltd. (KNOC KN), a Kenyan fuel retailer with operations in nine African countries, slid 10 cents, or 1 percent, to 10.20 shillings, the lowest since June 13. Oil in New York declined as much as 0.9 percent before the close in Kenya.

Total Kenya Ltd. (TKNL KN), Total SA’s unit in the East African nation, retreated 25 cents, or 1.2 percent, to 20 shillings, the lowest close since December 2002.

--Editors: Ana Monteiro, Linda Shen

To contact the reporter on this story: Chris Kay in London at ckay5@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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