Bloomberg News

Sub-Sahara Africa Stocks: Athi River Mining, Skye Bank Nigeria

May 14, 2012

The FTSE/Namibia Overall Index (FTN098) fell 1.9 percent to 880.9 in Windhoek, the biggest drop since April 23.

Kenya’s All-Share Index (NSEASI) climbed for a second day, increasing 0.3 percent to 63.63 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) rose 0.3 percent to 1,805.85 in Port Louis. The Nigerian Stock Exchange All-Share Index (NGSEINDX) fell for a third day, retreating 0.3 percent to 22,552.46 in Lagos, according to an e-mailed statement from the exchange.

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

Athi River Mining Ltd. (ARML) , Kenya’s second-biggest cement maker by market value, gained 2.6 percent to 201 shillings, the highest since at least August 1997, after posting a 17 percent increase in first-quarter profit and saying it planned a one-for-five share split.

Livestock Feed Ltd. (LFL) , a Mauritian distributor of cattle and poultry food, jumped 5.7 percent to 16.80 rupees, the highest since March 13, after saying that fiscal third-quarter profit soared as sales improved.

Skye Bank Plc (SKYEBANK) , a Nigerian lender, rose for the first time in six days, advancing 4.5 percent to 3.5 naira, after signing a loan agreement with three foreign banks.

To contact the reporter on this story: Chris Kay in Abuja at

To contact the editor responsible for this story: Gavin Serkin at

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