Bloomberg News

Sub-Sahara Africa Stocks: Kenya Commercial Bank, Lafarge Cement

March 26, 2012

The Nigerian Stock Exchange All- Share Index (NGSEINDX) declined 0.2 percent to 21,000.14 in Lagos, according to data compiled by Bloomberg. The index gained 1.8 percent last week.

The FTSE/Namibia Overall Index (FTN098) advanced for the first time in five days, rising 0.6 percent to 896.55 at the 4 p.m. close in Windhoek, the capital. Kenya’s All-Share Index (NSEASI) gained for a fourth day, increasing 0.2 percent to 59.96 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) was unchanged at 1,763.59 by the 1:30 p.m. close in Port Louis, the capital.

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

Kenya Commercial Bank Ltd. (KNCB) , the East African nation’s third-biggest lender by market value, advanced for a fifth day, adding 1.1 percent to 22.5 shillings. The bank increased its share of the mortgage market to 40.8 percent from 35 percent after more than doubling lending since 2009 to 33.7 billion shillings ($406.2 million), Business Daily reported, without saying where it got the information from.

Lafarge Cement Wapco Nigeria Plc (WAPCO) , the West African country’s second-biggest producer of the building material by market value, rose 1 percent to 41 naira. Net income surged to 8.51 billion naira ($397 million) in the 12 months through December, from 4.88 billion naira a year earlier, the company said in a statement on the website of the city’s stock exchange today. Lafarge Wapco will pay a dividend of 75 kobo per share on May 23, it said.

To contact the reporter 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


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