Bloomberg News

Sub-Sahara Africa Stocks: Ghana Oil, Sasini of Kenya Are Active

June 04, 2012

The Nigerian Stock Exchange All-Share Index (NSEASI) fell for a fifth day, retreating 0.8 percent to 21,785.37 in Lagos, according to an e-mailed statement from the bourse.

Mauritius’s SEMDEX Index (SEMDEX) fell 0.3 percent to 1,801.03 by the close in Port Louis. The FTSE/Namibia Overall Index (FTN098) climbed 0.1 percent to 859.68 in Windhoek. Kenya’s All-Share Index was unchanged at 64.43 in Nairobi.

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

Ghana Oil Company Ltd. (GOIL) , the West African nation’s second-biggest operator of gasoline stations, surged 4.3 percent to 49 pesewas, the highest on record, as the board of the company appointed Patrick Akpe Kwame Akorli as managing director.

Sasini Ltd. (STCL) , Kenya’s largest coffee and tea producer by market value, advanced for a fifth day, climbing 2.4 percent to 13 shillings, the highest close since Jan. 3. Kenya’s Meteorological Department said today abundant rains are boosting the prospects for a “good” crop in the tea-growing western highlands and central Rift Valley.

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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