The Nigerian Stock Exchange All-Share Index (NGSEINDX) declined for the first time in three days, falling 0.7 percent to 22,533.72 by the close in Lagos, according to data compiled by Bloomberg.
Kenya’s All-Share Index (NSEASI) slid 0.1 percent to 63.08 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) dropped 0.3 percent to 1,799.56 in Port Louis. The FTSE/Namibia Overall Index (FTN098) gained for the first time in a week, jumping 1.9 percent to 892.87 in Windhoek.
The following shares were active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
Dangote Sugar Refinery Plc (DANGSUGA) , Nigeria’s biggest producer of the sweetener by market value, rose for a fourth day, adding 0.6 percent to 3.60 naira. Net income jumped to 2.8 billion naira ($15.2 million) from 1.4 billion naira a year earlier, Securities Africa said, citing a statement by the company today to the Nigerian Stock Exchange.
Mauritius Union Assurance Co. Ltd. (MUA) rose to the highest in more than a month, gaining 1.7 percent to 123 rupees. Basic earnings per share rose 15 percent to 3.07 rupees in the three months through March from 2.66 rupees in the same period a year earlier, the company said in a statement posted on the stock exchange’s website today.
National Bank of Kenya Ltd. (NBKL KN), a state-owned lender, closed at the highest in almost two months, rising 2.3 percent to 19.95 shillings. First-quarter net income climbed 40 percent to 325.1 million shillings ($3.9 million) as earnings from loans increased and deposits rose, the bank said after the market closed yesterday.
Safaricom Ltd. (SAFCOM) , Kenya’s biggest mobile-phone company, increased for the first time in three days, gaining 3 percent to 3.45 shillings as profit beat estimates. Net income fell 4 percent to 12.6 billion shillings or 32 cents a share, in the 12 months through March, higher than the average estimate of five analysts surveyed by Bloomberg for 10.4 billion shillings. Safaricom said it plans to pay a dividend of 22 cents per share.
United Bank for Africa Plc (UBA NL), a Nigerian lender with operations in 19 countries, fell to the lowest in almost two weeks, dropping 5 percent to 3.63 naira. The bank plans to raise money by offering equity this year, Chief Executive Officer Phillips Oduoza said in an interview in Addis Ababa, Ethiopia today.
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