Bloomberg News

Sub Saharan Africa Stocks: Sterling Bank; Unilever Nigeria Move

October 21, 2011

Oct. 21 (Bloomberg) -- Kenya’s All-Share Index climbed for the first day in three, advancing 0.2 percent to 55.26 by the end of trading in Nairobi.

The Nigerian Stock Exchange All-Share Index strengthened 0.6 percent to 20,257.47 in Lagos, according to a statement on the bourse’s website. In Mauritius, the SEMDEX Index gained 0.6 percent to 1,896.85 by the end of trading. The Ghana Stock Exchange Composite Index rose less than 0.1 percent to 996.53. Namibia’s FTSE/Namibia Overall Index surged 2.2 percent, to 793.11.

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

Sterling Bank Plc (STERLNBA NL), a Nigerian lender, fell for the first day in three, retreating 6 kobo, or 4.1 percent, to 1.39 naira. The Lagos-based bank said its profit fell 31 percent during the nine months through September.

Unilever Nigeria Plc (UNILEVER NL), a consumer goods maker, advanced 10 kobo, or 0.4 percent, to 27.1 naira, the highest close in more than a week, after reporting a 26 percent jump in profit for the nine months through September.

--Editors: Linda Shen, Peter Branton

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

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


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