Bloomberg News

Sub-Saharan Africa Stocks: Guinness Nigeria, Nigerian Breweries

October 20, 2011

Oct. 20 (Bloomberg) -- The Nigerian Stock Exchange All- Share Index fell 0.3 percent to 20,135.05 by the close in Lagos, according to a statement on the bourse’s website.

In Mauritius, the SEMDEX Index fell less than 0.1 percent to 1,886.45 by the end of trading. The Ghana Stock Exchange Composite Index snapped two days of gains, losing 0.3 percent to 995.23 by 2:39 p.m. in Accra. Namibia’s FTSE/Namibia Overall Index slipped 0.1 percent to 790.31 by 3:39 p.m. in Windhoek. Kenya’s market was closed for a public holiday.

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

Guinness Nigeria Plc (GUINNESS NL) rose for the first time in six days, advancing 1 percent to 202 naira. The stock of the country’s second-biggest brewer was raised to “neutral” from “sell” at Asset & Resource Management Co.

Nigerian Breweries Plc (NB NL) climbed for a fifth day, adding 0.6 percent to 88.53 naira. Nine-month profit increased 17 percent to 24.8 billion naira ($159 million), according to a statement to the stock exchange today.

--Editors: Ana Monteiro, Linda Shen

To contact the reporter on this story: Ana Monteiro in Johannesburg at amonteiro4@bloomberg.net

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


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