Sub-Saharan African Stocks Report: AccessKenya Group, Wema Bank Are Active

Mauritius’s SEMDEX Index declined for the seventh time in eight days, retreating 0.3 percent to 1,907.49 by the 1:30 p.m. close in Port Louis.

Kenya’s All-Share Index snapped two days of gains, dropping less than 0.1 percent to 78.03 by the 3 p.m. close in Nairobi. The Nigerian Stock Exchange All-Share Index slipped 0.1 percent to 24,420.34 by 2:32 p.m. in Lagos, according to data compiled by Bloomberg. Namibia’s FTSE/Namibia Overall Index increased 0.1 percent to 844.29 by 4:28 p.m. in Windhoek. The Ghana Stock Exchange All-Share Index fell for the first day in three, losing 0.2 percent to 7,270.23 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.

AccessKenya Group Ltd. (ACCESS KN), the country’s only publicly traded Internet company, fell 45 cents, or 3.3 percent, to 13.1 shillings, the lowest since June 2007. The stock retreated for a second day after the company said it expects profit to fall by at least 25 percent from last year because of depreciation and foreign-exchange losses.

Wema Bank Plc (WEMABANK NL), a Nigerian lender, gained 6 kobo, or 4.7 percent, to 1.34 naira. The bank’s special placement offer of 3.1 billion shares was 81 percent subscribed, spokesman Tunde Olofintila said by phone from Lagos today.

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

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

Press spacebar to pause and continue. Press esc to stop.

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.