Sub-Sahara Africa Stocks: Housing Finance, Olympia Capital, UBA
Kenya’s All-Share Index fell for a second day, sliding 0.3 percent to 67.11 by the 3 p.m. close in Nairobi, the lowest since March 2010.
Mauritius’s SEMDEX Index retreated for a fourth day, weakening 0.1 percent to 2,044.31 by the 1:30 p.m. close in Port Louis, the lowest closing level since April 20. The Ghana Stock Exchange Composite Index strengthened 0.6 percent to 1,182.93 by the 3 p.m. close in Accra, the highest since July 8. The Nigerian Stock Exchange All-Share Index advanced for a second day, increasing 0.3 percent to 23,787.31 by the 2:30 p.m. close in Lagos, according to an e-mailed statement from the exchange. Namibia’s FTSE/Namibia Overall Index (FTN098) gained 0.7 percent to 848.71 by the 4 p.m. close in Windhoek.
Housing Finance Ltd. (HFCL KN), Kenya’s only publicly traded mortgage lender, jumped 50 cents, or 2.4 percent, to 21 shillings, the biggest closing gain since June 9, after reporting profit in the six months through June surged 70 percent to 241.6 million shillings ($2.68 million).
Olympia Capital Holdings Ltd. (DNKN) , a Kenyan maker of building materials, rallied 15 cents, or 3.6 percent, to 4.35 shillings, the highest level since July 4, after the Nairobi- based company said net income totaled 35.1 million shillings in the 12 months through February, compared with a loss of 14.6 million shillings a year earlier.
United Bank for Africa Plc (UBA) , a Nigerian lender with operations in 18 countries, rose 23 kobo, or 4.8 percent, to 5.02 naira, the biggest gain since July 7, after Renaissance Capital said UBA’s first-half post-tax profit advanced 67 percent to 8.12 billion naira ($53 million).
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