Sub-Sahara Africa Stocks: Eveready East Africa, KenolKobil
Kenya’s All-Share Index snapped 10 days of losses to add 0.3 percent to 78.79 by the 3 p.m. close in Nairobi, the biggest jump in more than two weeks.
Mauritius’s SEMDEX Index advanced 0.4 percent to 1,931.89 by the 1:30 p.m. close in Port Louis. The Nigerian Stock Exchange All-Share Index slipped 0.1 percent to 24,785.56 at the 2:30 p.m. close in Lagos, according to figures on the exchange’s website. Namibia’s FTSE/Namibia Overall Index rallied 1.2 percent to close at 843.19 at 5 p.m. in Windhoek and the Ghana Stock Exchange All-Share Index slumped 0.1 percent to 6,980.42 by 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.
Eveready East Africa Ltd. (EVRD KN), a Kenyan dry-cell battery manufacturer, gained for a fourth day on expanded product plans including batteries, Schick razors and shaving foam to help reverse declining sales, Business Daily reported, citing Managing Director Steve Smith. The stock rallied 3.4 percent to 3.05 shillings.
KenolKobil Ltd. (KNOC KN), the Kenyan fuel retailer with operations in seven African countries, added 1 percent to 9.9 shillings after saying in an e-mailed statement it was “bullish” about 2010 results.
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