Bloomberg News

Sub-Sahara Africa Stocks: ENL Commercial Mauritius, RT Briscoe

June 22, 2012

Kenya’s All-Share Index (NSEASI) climbed 0.6 percent to 67.31 in Nairobi, the highest close since July 20.

Mauritius’s SEMDEX Index (SEMDEX) fell for a third day, declining 0.1 percent to 1,780.65 in Port Louis. The FTSE/Namibia Overall Index (FTN098) weakened for a second day, retreating 0.8 percent to 907.92 in Windhoek. The Nigerian Stock Exchange All-Share Index rose 0.2 percent to 21,394.77 in Lagos, according to an e-mailed statement from the bourse.

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

ENL Commercial Ltd. (GIDC) , a Mauritian company with interests in motor dealership and manufacturing, jumped 11 percent to 22.20 rupees, the biggest gain since August. The company declared a final dividend of 0.80 rupees per share.

KenolKobil Ltd. (KNOC) , Kenya’s biggest oil marketer by market value, advanced 9.2 percent to 14.25 shillings, the highest close since January 2006. Oil rose from an eight-month low as U.S. equities rallied after Moody’s Investors Service’s downgrade of 15 global banks was less severe than threatened.

RT Briscoe Plc (RTBRISCO NL), a Nigerian company that sells cars, tractors and other industrial machinery, rose 1.8 percent to 1.68 naira, the highest since July 25, as it benefits from a national focus on agriculture, according to Lambeth Trust and Investment Co.

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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