Sub-Saharan Stocks: Access Bank, Ikeja Hotel Move in Nigeria

The Ghana Stock Exchange Composite Index fell for a fifth day, dropping 2.1 percent to close at 954.99, the biggest decline since Oct. 5.

Kenya’s All-Share Index (NSEASI) gained 1.4 percent to 53.90 in Nairobi. The Nigerian Stock Exchange All-Share Index (NGSEINDX) declined for a third day, weakening 0.5 percent to 19,732.34 in Lagos, according to a statement on the bourse’s website. Mauritius’s SEMDEX Index (SEMDEX) fell for a second day, slipping 0.3 percent to 1,859.48 by the end of trading. The FTSE/Namibia Overall Index (FTN098) retreated 0.1 percent to 850.71 in Windhoek.

The following shares were active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Access Bank Plc (ACCESS) , Nigeria’s fifth-largest lender by market value, fell for a third day, declining 1.2 percent to 4.26 naira, the lowest close since April 2009. The Lagos-based lender said Dec. 6 it will increase share capital to 13 billion naira ($80 million) from 10 billion naira. Shareholders will vote on the proposal on Dec. 30.

Ikeja Hotel Plc (IKEJAHOT) , a Nigerian leisure operator, tumbled 4.8 percent to 2.39 naira, the lowest close since Nov. 4, after the company said its nine-month net income fell to 827 million naira from 1.14 billion naira a year earlier.

To contact the reporter on this story: Chris Kay in Abuja at

To contact the editor responsible for this story: Gavin Serkin at

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.