Bloomberg News

Sub-Sahara Africa Stocks: Aluworks Ghana, Total Kenya Are Active

March 23, 2012

The Nigerian Stock Exchange All- Share Index (NGSEINDX) declined for the first day in three, dropping 1.1 percent to 21,038.59, according to data compiled by Bloomberg. The index is up 1.8 percent this week.

The FTSE/Namibia Overall Index (FTN098) retreated for a fourth day, dropping 0.6 percent to 891.10. Kenya’s All-Share Index (NSEASI) climbed for a second day, increasing 0.2 percent to 59.84. Mauritius’s SEMDEX Index (SEMDEX) was closed for a public holiday.

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

Aluworks Ghana Ltd. (ALW) , a maker of aluminium products, reached an almost 12 year low on concern cheaper imports of Chinese products will erode the company’s revenue. The stock fell 12.5 percent to 7 pesewas at 1:47 p.m. in Accra, the capital.

Total Kenya Ltd. (TKNL) , a Nairobi-based distributor of petroleum products, dropped to the lowest level in almost three months amid delays in a plan to improve processing efficiency at the country’s sole refinery in Mombasa. The stock retreated for a fifth day, declining 4.3 percent to 14.5 shillings.

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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