Bloomberg News

Sub-Sahara Africa Stocks: Oando, KenolKobil Shares Are Active

June 29, 2012

Kenya’s All-Share Index (NSEASI) rose to a two-week high, climbing 0.7 percent to 67.88 by 2:52 p.m. in Nairobi.

The Nigerian Stock Exchange All-Share Index gained 0.2 percent to 21,585.27 in Lagos, according to data compiled by Bloomberg. Mauritius’s SEMDEX Index (SEMDEX) slid less than 0.1 percent to 1,775.88 by the end of trading in Port Louis. The FTSE/Namibia Overall Index (FTN098) advanced less than 0.1 percent to 876.93 in Windhoek.

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

Oando Plc (OANDO) , a Nigerian energy company, advanced for the first time in eight days, adding 2.2 percent to 13.08 naira. Oil rebounded from the lowest close in almost nine months on speculation that European measures aimed at fighting the region’s debt crisis will spur demand for fuel.

KenolKobil Ltd. (KNOC) , a Kenyan fuel retailer with operations in nine African nations, gained for the first time in three days, rising 2.5 percent to 14.65 shillings.

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

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


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