Bloomberg News

Sub-Sahara Africa Stocks: KenolKobil, Oando of Nigeria Active

June 28, 2012

The Nigerian Stock Exchange All- Share Index fell 0.2 percent to 21,542.24 by the close in Lagos, paring its gain in the second quarter to 4.3 percent, according to data compiled by Bloomberg.

Kenya’s All-Share Index (NSEASI) declined for the first day in three, falling 0.3 percent to 67.39 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) advanced for the first time in three days, rising less than 0.1 percent to 1,776.58 in Port Louis. The FTSE/Namibia Overall Index (FTN098) declined for a sixth day, its longest losing streak in more than ten months, dropping 1.5 percent to 876.91 in Windhoek.

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

KenolKobil Ltd. (KNOC) , a Kenyan fuel retailer with operations in nine African nations, fell the most in more than two years, sliding 8.9 percent to 14.30 shillings. The Standard newspaper reported the country’s Industrial Court blocked a potential takeover by Puma Energy BV.

Oando Plc (OANDO) , an energy company, slid to its lowest in more than nine years, dropping 2.3 percent to 12.80 naira. Oil fell for the first time in three days, extending losses in the worst quarter for Nigeria’s biggest export since 2008.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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