Sub-Saharan African Stocks: Ghana Oil, MRS Oil, Sasini, Lafarge WAPCO Move

Mauritius’s SEMDEX Index fell for the first day in four, retreating 0.1 percent to close at 1,716.06 as of 1:30 p.m. in Port Louis. The measure gained 3.7 percent this month, the biggest monthly increase since January.

Kenya’s All-Share Index climbed 1 percent to 77.40 at the 3 p.m. close in Nairobi, extending its advance to 4 percent this month, the ninth gain in 10. The Nigerian Stock Exchange All- Share Index declined 0.4 percent to close at 25,844.18 as of 1 p.m. in Lagos, according to the bourse’s website. The Namibia’s FTSE/Namibia Overall Index dropped 0.6 percent to close at 4 p.m. in Windhoek, while the Ghana Stock Exchange All-Share Index snapped five days of gains, dropping 0.2 percent to 6,375.59 at the 1 p.m. close in Accra.

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

Ghana Oil Co. Ltd. (GOIL GN), which runs a network of gasoline stations in the West African nation, rose 1 pesewa, or 4.2 percent, to 25 pesewas, a four-day high. The company said profit in the six months through June increased 20 percent to 3.6 million cedis ($2.5 million), according to a statement published in the Daily Graphic newspaper today.

GlaxoSmithKline Nigeria Plc (GLAXOSMI NL), a Nigerian healthcare products manufacturer, fell the most in two months, dropping 1.12 naira, or 3.6 percent, to 30.38 naira. Profit in the first half through June declined 4.9 percent to 1.16 billion naira ($7.7 million), the company said in a statement yesterday.

Lafarge Cement WAPCO Nigeria Plc (WAPCO NL), Lafarge SA’s unit in the West African nation, rose 50 cents, or 1.2 percent, to 41 naira, the highest since July 20. First-half profit advanced 18 percent to 4.02 billion naira.

MRS Oil Nigeria Plc (CHEVRON NL), the company formerly known as Chevron Oil Nigeria Plc, climbed 1.25 naira, or 1.4 percent, to 91.35 naira, a three-week high. Net income in the first half through June increased 39 percent to 1.07 billion naira, the company said today.

Sasini Ltd. (STCL KN), Kenya’s biggest tea producer by market value, climbed 30 cents, or 2.2 percent, to 14.2 shillings, the highest level in a month. The Kenyan National Bureau of Statistics today said output of the leaves grew 27 percent to 35,423 metric tons in May from April. Kenya is the world’s biggest grower of black tea.

UAC of Nigeria Plc (UACN NL), which has interests in fast food, real estate and manufacturing, declined 50 kobo, or 1.1 percent, to 44.50 naira. Profit for the first half dropped 28 percent to 2.22 billion naira.

To contact the reporters on this story: Eric Ombok in Nairobi at eombok@bloomberg.net;

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.