Bloomberg News

Sub-Sahara Africa Stocks: Longhorn of Kenya, Total Kenya Move

May 30, 2012

May 30 (Bloomberg) --The FTSE/Namibia Overall Index (FTN098) plunged 1.6 percent to 858.62 in Windhoek, snapping two days of gains.

Kenya’s All-Share Index (NSEASI) rose for a third day, climbing 0.1 percent to 64.14 in Nairobi. The Nigerian Stock Exchange All- Share Index fell less than 0.1 percent to 22,170.96 in Lagos, according to an e-mailed statement from the bourse. Mauritius’s SEMDEX Index (SEMDEX) rose 0.3 percent to 1,810.55 by the close in Port Louis.

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

Longhorn Kenya Ltd. (LKL KN), the educational-materials publisher, surged 15 percent to 16.15 shillings after its debut on the Nairobi Securities Exchange.

Total Kenya Ltd. (TKNL) , the local unit of Total SA (FP), dropped 2.2 percent to 15.55 shillings, the second day of declines. Brent oil fell to a five-month low on speculation that U.S. crude stockpiles climbed to the highest level since 1990 and as the euro weakened on concern that the debt crisis will overwhelm Spain.

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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