Bloomberg News

Sub-Sahara Africa Stocks: Kenya Airways, KenolKobil Are Active

October 27, 2011

Oct. 27 (Bloomberg) -- Kenya’s 20 Share Index advanced for a fifth day, jumping 1.6 percent to 3,381.90.

FTSE/Namibia Overall Index surged 2.6 percent to 822.69 in Windhoek. The Ghana Stock Exchange Composite Index snapped two days of gains, retreating 0.1 percent to 1,006.73. The Nigerian Stock Exchange All-Share Index rose for a third day, adding 1.1 percent to 20,606.74 by 2:30 p.m. in Lagos, according to data compiled by Bloomberg. Mauritius’s SEMDEX Index declined 0.5 percent to 1,904.20 by the end of trading.

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

Kenya Airways Ltd. (KNAL KN), sub-Saharan Africa’s third- biggest airline, gained the most in two weeks, rising 1.1 percent to 22.50 shillings after it said passenger numbers grew 18 percent in the three months through September to 1.004 million and cargo tonnage increased 14 percent to 16,021 metric tons.

Kenya Electricity Generating Co. (KEGC KN) surged 8.1 percent to 10 shillings, the biggest jump since March 11, after declaring a dividend for the year through June.

KenolKobil Ltd. (KNOC KN), a Kenyan fuel retailer, rose for a second day, adding 1 percent to 10 shillings. Oil advanced in New York after European leaders agreed on measures to tame a sovereign debt crisis that threatens to slow economic growth and curb demand for commodities.

--Editors: Linda Shen, Alex Nicholson

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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