Bloomberg News

Sub-Sahara Africa Stocks: Barclays Bank, Safaricom Moved

November 17, 2011

Nov. 17 (Bloomberg) -- The FTSE/Namibia Overall Index declined for the first day in six, dropping 0.9 percent to 828.85 in Windhoek.

The Nigerian Stock Exchange All-Share Index gained 1.3 percent to 20,359.23, according to the exchange’s website. Mauritius’s SEMDEX Index declined less than 0.1 percent to 1,908.56 in Port Louis, a third day of losses. Kenya’s All-Share Index rose for a second day, climbing 0.6 percent to 57.43 in Nairobi. The Ghana Stock Exchange Composite Index slipped for a eighth day, retreating less than 0.1 percent to 992.70 in Accra, the lowest close since Oct. 17.

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

Barclays Bank Ltd. (BCBL KN): The Kenyan unit of Barclays Plc dropped for a second day, falling 0.7 percent to 13.45 shillings after Standard Bank Group Ltd. rated the shares “sell”.

Safaricom Ltd. (SAFCOM KN): East Africa’s biggest mobile- phone company rose for the first day in 10 trading sessions after Renaissance Capital said profitability should benefit from an increase in tariffs. The stock climbed 1.7 percent to 2.95 shillings.

--Editors: Peter Branton, Ash Kumar

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

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


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