Sub-Sahara Africa Stocks: British-American, Safaricom Are Active
The Nigerian Stock Exchange All- Share Index (NGSEINDX) rose for a second day, adding 0.5 percent to 21,181.61 by 11:25 a.m. in Lagos, according to data compiled by Bloomberg.
Mauritius’s SEMDEX Index (SEMDEX) gained for a third day, rising 0.2 percent to 1,763.53 at the close in Port Louis, the capital. The FTSE/Namibia Overall Index (FTN098) declined for a third day, dropping 0.6 percent to 903.47 at 12:28 p.m. in Windhoek. Kenya’s All- Share Index (NSEASI) climbed for a second day, increasing 0.3 percent to 59.85.
The following shares are active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
British-American Investments Co. Kenya Ltd. (BRIT) (BRIT KN), a Nairobi-based financial services company, fell 2.3 percent to 4.2 shillings. The company posted a full-year pretax loss of 1.7 billion shillings ($21 million), compared with a profit of 2.7 billion shillings a year earlier.
Safaricom Ltd. (SAFCOM) , the Kenyan unit of Vodafone Group Plc, gained for the first time in 11 trading days on bets the stock price is near its bottom and that Kenya’s biggest mobile-phone company will report increased revenue after raising the cost of calls. The stock advanced 3.2 percent to 3.20 shillings.
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