Bloomberg News

Sub-Sahara Africa Stocks: Scangroup of Kenya, KenolKobil Move

January 12, 2012

Jan. 12 (Bloomberg) -- Kenya’s All-Share Index advanced for a sixth day, gaining 0.1 percent to 55.80 in Nairobi, the longest rally in a year.

Mauritius’s SEMDEX Index fell for a fourth day, sliding 0.3 percent to 1,871.27 by the end of trading. The FTSE/Namibia Overall Index gained 0.5 percent to 873.60 in Windhoek. The Nigerian Stock Exchange All-Share Index declined less than 0.1 percent to 20,883.89 at the close in Lagos, according to an e- mailed statement from the bourse.

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

KenolKobil Ltd. (KNOC KN) a Kenyan fuel retailer, rose for a second day, gaining 0.5 percent to 9.85 shillings. Oil rose from the lowest settlement in almost two weeks in New York on concern that a strike in Nigeria and the threat of sanctions against Iran’s nuclear program will curb crude supplies.

Scangroup Ltd. (SCAN KN), East Africa’s biggest marketing and advertising company, snapped five days of declines, rising 0.7 percent to 37.5 shillings on speculation that investors will continue to release blocks of shares for sale.

--Editors: Peter Branton, James Cone

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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