Bloomberg News

Sub-Saharan Africa Stocks: Cement Co., Total Kenya Are Active

December 20, 2011

Dec. 20 (Bloomberg) -- Mauritius’s SEMDEX Index declined for a third day, falling 0.3 percent to 1,850.20 by the end of trading in Port Louis, the capital.

Kenya’s All-Share Index retreated 0.2 percent to 54.22 by the 3 p.m. close in Nairobi, a second day of losses. The Nigerian Stock Exchange All-Share Index advanced 0.4 percent to 20,122.8 by the 2:30 p.m. end of trade in Lagos, according to a statement on the bourse’s website. The FTSE/Namibia Overall Index gained 0.2 percent to 832.44 by the 4 p.m. close in Windhoek. The Ghana Stock Exchange Composite Index slid 2.1 percent to 920.12 by the 3 p.m. close in Accra.

The following shares were among the active stocks in sub- Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Cement Co. of Northern Nigeria Plc (CCNN NL), a Nigerian cement maker, fell to its lowest since October 2004, dropping 2.8 percent to 4.16 naira. The company forecast first-quarter net income of 425.2 million naira ($4.9 million), down from 669 million naira a year earlier, according to a statement published on the website of the Nigerian Stock Exchange.

Total Kenya Ltd. (TKNL KN), a local unit of Total SA, advanced for a second day, rising 0.4 percent to 14.5 shillings. Oil increased as U.S. housing starts climbed to the highest level in a year and on speculation that further sanctions against Iran will curb supply.

--Editors: Linda Shen, Ash Kumar

To contact the reporters on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net;

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


Monsanto vs. GMO Haters
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus