Bloomberg News

Sub-Sahara Africa Stocks: AccessKenya Group, Guinness of Ghana

June 05, 2012

Mauritius’s SEMDEX Index (SEMDEX) retreated for a second day, declining 0.2 percent to 1,797.9 by the close in Port Louis.

The FTSE/Namibia Overall Index (FTN098) jumped 1.1 percent to 869.02 in Windhoek. The Nigerian Stock Exchange All-Share Index dropped 1 percent to 21,573.75 in Lagos, according to data compiled by Bloomberg. Trading was extended to 3:55 p.m. after an earlier halt, the bourse said in an e-mailed statement. Kenya’s All- Share Index (NSEASI) fell 0.5 percent to 64.08 in Nairobi.

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

AccessKenya Group Ltd. (ACCESS) , the East African nation’s only publicly traded Internet company, surged 9.5 percent to 5.75 shillings, the biggest gain since April 2011, as investors buy the stock to be eligible for a bonus share offer.

Guinness Ghana Breweries Ltd. (GGBL) , a unit of Diageo Plc (DGE), rose to the highest in more than three years, gaining 3.7 percent to 1.95 cedi, on speculation the company increased profit for the year ending this month.

“We expect a 30 percent increase on what the company made in the nine months through March,” Xorlali Torsu, a stock trader at Accra-based Databank Financial Services Ltd., said by phone today. “The company has been posting a good performance since it raised money through a rights issue to pay debt on its books.”

To contact the reporter on this story: Chris Kay in Abuja at ckay5@bloomberg.net

To contact the editor responsible for this story: Stephen Kirkland at skirkland@bloomberg.net


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