Sub-Sahara Africa Stock: Camelot Ghana, Finbank, Oceanic Bank
Kenya’s All-Share Index rose for a fifth day, increasing 0.5 percent to 76.75 at the 3 p.m. close in Nairobi, the highest since March 2.
The Ghana Stock Exchange Composite Index rallied for a ninth day, the longest streak of gains since Jan. 31, advancing 0.6 percent at 1,147.54 at the 3 p.m. close in Accra. Mauritius’s SEMDEX Index snapped two days of declines, gaining 0.5 percent to 2,061.14 by the 1:30 p.m. close in Port Louis. Namibia’s FTSE/Namibia Overall Index (FTN098) rose for the first day in four, adding 0.5 percent to 846.29 by the 4 p.m. close in Windhoek. The Nigerian Stock Exchange All-Share Index gained for a second day, adding 0.3 percent to 25,300.46 by the 2:30 p.m. close in Lagos, according to a statement on the bourse’s website.
Camelot Ghana Ltd. (CMLT) , a printer of checkbooks and business forms in the West African nation, rose the most since April 2005, gaining 1 pesewa, or 9.1 percent, to 12 pesewas. It declared a dividend of 0.5 pesewa a share for the year through December, according to a regulatory filing.
Express Kenya Ltd. (EXPL) , a Kenyan company that provides transportation services, fell 45 cents, or 7.6 percent, to 5.45 shillings, the lowest since April 18. The company reported a loss of 28.1 million shillings ($335,202) in the year through December from a profit of 15.1 million a year earlier, according to a statement e-mailed by the Nairobi Stock Exchange on May 4. None of the company’s shares changed hands yesterday.
Finbank Plc (FIRSTINL) , a Nigerian lender bailed out by the central bank two years ago, advanced for a fourth day, adding 3 kobo, or 4.1 percent, to 76 kobo, the highest since March 29. The company returned to profit in the year through December, it said in a statement published in Punch newspaper today.
Housing Finance Co. (HFCL KN), Kenya’s only publicly traded mortgage lender, rose 25 cents, or 1 percent, to 26.5 shillings, a second day of gains. First-quarter profit surged 65 percent to 120.1 million shillings ($1.4 million) in the three months through March from a year earlier, it said in a statement after the market closed yesterday.
New Mauritius Hotels Ltd. (NMH) , the Indian Ocean island nation’s biggest leisure group by market value, snapped three days of declines, adding 3 rupees, or 3 percent, to 103 rupees, after the Port-Louis-based l’Express newspaper reported tourism arrivals climbed 10 percent in April from a year earlier. Sun Resorts Ltd. (SUN MP), Mauritius’s second-largest leisure group by market value, added 1 rupee, or 1.6 percent, to 63 rupees, the highest since June 1.
Oceanic Bank International Plc (OCEANIC) , a Nigerian lender bailed out by the central bank two years ago, surged for a fifth day, rising 9 kobo, or 4.8 percent, to 1.96 naira, the longest winning streak since Jan. 14. The company returned to profit in the year through December, it said in a statement on the website of the Nigerian Stock Exchange today.
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