Bloomberg News

Sub Saharan Africa Stocks: KenolKobil of Kenya, UT Bank Ghana

October 24, 2011

Oct. 24 (Bloomberg) -- Mauritius’s SEMDEX Index rose for a second day, climbing 0.2 percent to 1,900.33 by the end of trading.

Namibia’s FTSE/Namibia Overall Index strengthened 1.1 percent to 801.91 in Windhoek. The Ghana Stock Exchange Composite Index rose 0.2 percent to 998.30 in Accra. Kenya’s All-Share Index advanced for a second day, gaining 0.1 percent to 55.33 by the end of trading in Nairobi. The Nigerian Stock Exchange All-Share Index slipped less than 0.1 percent to 20,255.22 in Lagos, according to a statement on the bourse’s website.

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

KenolKobil Ltd. (KNOC KN), a Nairobi, Kenya-based fuel retailer with operations in nine African countries, advanced for a second session, climbing 0.5 percent to 9.8 shillings. Crude oil rose for a second day after data showed China’s manufacturing may expand in October and Japan’s exports exceeded economists’ forecasts.

UT Bank Ltd. (UTB GN), a Ghanaian lender, gained 3.5 percent to 30 pesewas after saying profit jumped 86 percent during the nine months to Sept. 30 as net interest income climbed.

--Editors: Ana Monteiro, Vernon Wessels

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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