Bloomberg News

Sub-Sahara Africa Stocks: Fidson, Standard Chartered Kenya

November 23, 2011

Nov. 23 (Bloomberg) -- The Nigerian Stock Exchange All- Share Index dropped 1.1 percent to 20,070.63 in Lagos, according to an e-mailed statement from the exchange.

The FTSE/Namibia Overall Index retreated 1.2 percent to 791.39 in Windhoek, its lowest close in more than a month. Mauritius’s SEMDEX Index declined for a seventh day, falling 0.2 percent to 1,891.27 in Port Louis. Kenya’s All-Share Index gained for the first day in three, adding 0.1 percent to 57.20 in Nairobi. The Ghana Stock Exchange Composite Index advanced for the first time in 12 days, rising 0.1 percent to 985.82 in Accra.

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

Fidson Healthcare Plc (FIDSON NL), the Lagos-based medicine maker, slumped for a second day, dropping 4.3 percent to 1.12 naira after posting nine-month net income of 83.4 million naira ($522,000).

Standard Chartered Bank Kenya Ltd. (SCBL KN), the Kenyan unit of Standard Chartered Plc, gained 0.6 percent to 179 shillings after saying nine-month net interest income rose to 7.13 billion shillings ($78.9 million), from 6.13 billion shillings a year earlier.

--Editors: Linda Shen, Tim Farrand

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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