Bloomberg News

Sub-Sahara Africa Stocks: Safaricom, Skye Bank Were Active

July 16, 2012

Kenya’s All-Share Index (NSEASI) gained for the first day in three, adding 0.1 percent to 67.67 by the close in Nairobi.

The Nigerian Stock Exchange All-Share Index rose 1 percent to 22,978.14, according to data compiled by Bloomberg. Mauritius’s SEMDEX (SEMDEX) Index gained less than 0.1 percent to 1,756.27 in Port Louis. The FTSE/Namibia Overall Index gained 0.2 percent to 893.44 in Windhoek.

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

Safaricom Ltd. (SAFCOM) , Kenya’s biggest mobile-phone company, rallied after Business Daily reported a competitor lost agents for its mobile-money transfer business. The stock jumped 1.4 percent to 3.60 shillings.

Skye Bank Plc (SKYEBANK) , a Nigerian lender, gained for a fourth day, adding 1.7 percent to 3.07 naira after saying first-half profit rose to 8.19 billion naira ($50.5 million), from 5.86 billion naira.

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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