Sub-Sahara Africa Stocks: Housing Finance Kenya, Safaricom Move
The Mauritius SEMDEX Index (SEMDEX) fell for a second day, retreating 0.2 percent to 1,812.98 at the close.
Kenya’s All-Share Index (NSEASI) climbed 0.3 percent to 55.54 at the end of trading in Nairobi. The Nigerian Stock Exchange All-Share Index (NGSEINDX) slumped 0.9 percent to 20,293.82 as of 5:14 p.m. in Lagos, according to data compiled by Bloomberg. The FTSE/Namibia Overall Index (FTN098) fell 0.8 percent to 914.98 at the close in Windhoek.
The following shares are active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
Housing Finance Co. (HFCL) , Kenya’s only publicly traded mortgage lender, snapped two days of declines, gaining 0.7 percent to 13.9 shillings after it said full-year profit surged 63 percent after loan income increased last year.
Safaricom Ltd. (SAFCOM) , East Africa’s biggest mobile- phone company, fell for a third day, declining 1.6 percent to 3.15 shillings, the lowest since Jan. 25. Kestrel Capital East Africa Ltd, a brokerage, downgraded the Nairobi-based company to “lighten” from “hold” with a price estimate of 2.78 shillings.
To contact the reporter on this story: Chris Kay in Abuja at ckay5@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
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