Sub-Sahara Africa Stocks: Diamond Bank, Skye Bank of Nigeria

Namibia’s FTSE/Namibia Overall Index (FTN098) fell for a fourth day, the longest losing streak since the four days through Feb. 18, dropping 1.2 percent to 823.43 by the 4 p.m. close in Windhoek.

The Nigerian Stock Exchange All-Share Index retreated for the third day, losing 0.3 percent to 23,826.99 by the 2:30 p.m. close in Lagos, according to an e-mailed statement from the bourse. Mauritius’s SEMDEX Index rose for the first day in three, gaining 0.2 percent to 2,026.95 by the 1:30 p.m. close in Port Louis. Kenya’s All-Share Index advanced 0.2 percent to 65.98 by the 3 p.m. close in Nairobi. The Ghana Stock Exchange Composite Index rose 0.4 percent to 1,170.85 by the 3 p.m. close in Accra.

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

Diamond Bank Plc (DIAMONDB) , Nigeria’s ninth largest lender by market value, retreated 25 kobo, or the maximum daily limit of 5 percent, to 4.75 naira, the lowest level since July 14, after reporting first-half profit before tax declined 68 percent to 2 billion naira ($13 million) from a year earlier.

Sameer Africa Ltd. (SAME) , a Kenyan tiremaker, slid 10 cents, or 2 percent, to 4.8 shillings, the lowest since July 19, after it said costs were likely to rise in the second half of this year.

Skye Bank Plc (SKYEBANK) , a Nigerian lender, fell for a third day, declining 29 kobo, or 4.4 percent, to 6.36 naira. The company forecast full-year net income of 270 million naira.

Transnational Corp. of Nigeria Plc (TRANSCOR NL), which has interests in hotels, agriculture and oil, gained 4 kobo, or 3.9 percent, to 1.07 naira, the highest close since June 29, after the Lagos-based company reported that profit for the 12 months through December jumped to 5.4 billion naira from 1.22 billion naira a year earlier.

To contact the reporter on this story: Chris Kay in London at ckay5@bloomberg.net

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

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