Bloomberg News

Sub-Sahara Africa Stocks: Japaul Oil Nigeria, KenolKobil Kenya

July 12, 2012

Mauritius’s SEMDEX Index (SEMDEX) fell for a seventh day, losing 0.1 percent to 1,753.9, the lowest since October 2010, at the close in Port Louis.

The Nigerian Stock Exchange All-Share Index (NSEASI) advanced 1.1 percent to 22,493.25 in Lagos, according to data compiled by Bloomberg. Kenya’s All-Share Index slipped less than 0.1 percent to 68.27 in Nairobi. The FTSE/Namibia Overall Index (FTN098) fell for a third day, retreating 0.9 percent to 885.32 in Windhoek.

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

Japaul Oil & Maritime Services Plc (JAPAULOI) , a Nigerian oil-services company, dropped 4.6 percent to 62 kobo, the biggest decline since June 20. Oil declined on signals that the global economic recovery is faltering.

KenolKobil Ltd. (KNOC) , Kenya’s largest fuel retailer by market value, fell for a fourth day, the longest losing streak since April, weakening 2.6 percent to 15.25 shillings.

Mumias Sugar Co. (MSUG) , Kenya’s biggest miller of the sweetener, snapped a seven-day rally, falling 3.6 percent to 6.7 shillings after a technical signal indicated the stock was poised to fall.

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

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


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