Bloomberg News

Sub-Sahara Africa Stocks: Eterna Oil & Gas Nigeria, Total Kenya

January 23, 2012

Jan. 23 (Bloomberg) -- The FTSE/Namibia Overall Index advanced for an eighth day, increasing 0.9 percent to 911.97 in Windhoek, the highest since Feb. 17.

Kenya’s All-Share Index fell for a fifth day, slumping 2 percent to 53.55 in Nairobi, the biggest decline since Nov. 30. The Nigerian Stock Exchange All-Share Index retreated 0.7 percent to 20,683.46 at the close in Lagos, according to a statement on the bourse’s website, a fourth day of losses. Mauritius’s market was closed for a public holiday today.

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

Eterna Oil & Gas Plc (ETERNAOI NL), a Nigerian distributor of petroleum products, advanced for a second day, rising 1.8 percent to 2.79 naira, the highest since Jan. 4. Oil rose for the first time in four days as the European Union agreed to ban oil imports from Iran, raising concern that retaliation from the Islamic Republic may disrupt oil supply from the Middle East.

Total Kenya Ltd. (TKNL KN), a local unit of Total SA, gained 1 percent to 15.95 shillings.

--Editors: Ana Monteiro, Gordon Bell

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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