Sub-Sahara Africa Stocks: Athi River, Presco, Rogers & Co, Vivo
The Nigerian Stock Exchange All- Share Index (NGSEINDX) declined for a fourth day, falling 0.1 percent to 20,899.96 at the close in Lagos, according to data compiled by Bloomberg.
The FTSE/Namibia Overall Index (FTN098) dropped 1 percent to 891.12 in Windhoek, the capital. Kenya’s All-Share Index (NSEASI) advanced, rising 0.4 percent to 59.80 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) added 0.3 percent to 1,773.45.
The following shares are active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
Athi River Mining Ltd. (ARML) , Kenya’s second-biggest cement producer, advanced to its highest in more than two two weeks, rising 0.6 percent to 1.61 shillings. Full-year net income climbed 6.5 percent to 1.15 billion shillings ($13.8 million) in the 12 months through December as sales increased, the company said as it announced plans to raise $50 million through a convertible loan to finance expansion.
Presco Plc (PRESCO) , the Nigerian palm-oil producer jumped the most in almost six months after saying it would pay a dividend for 2011. The stock rose by the daily limit of 5 percent to 10.50 Naira by the close in Lagos, the biggest daily advance since Oct. 4.
Rogers & Co. (ROGERS) , a Mauritian company with interests in financial services and aviation, advanced for a fifth day, gaining 1.3 percent to 309 rupees, its longest winning streak since the six days ended Oct. 21. The company declared an interim dividend of 4.5 rupees a share.
Total Kenya Ltd. (TKNL) , Total SA (FP)’s Kenyan unit, fell for the first time in three days, sliding 4.1 percent to 15.30 shillings. The company posted a full-year net loss of 71.4 million shillings ($861,000) compared with a profit of 916.2 million shillings a year earlier, which it blamed on “adverse” economic conditions and price controls.
Uchumi Supermarkets Ltd. (UCSP) , Kenya’s only publicly traded retail chain, gained 7.1 percent to 12.05 shillings, the highest level in more than nine months, on an improving outlook for the east African nation’s economy.
Vivo Energy Mauritius Ltd. (SHELL) , the fuel retailer previously known as Shell (Mauritius) Ltd., advanced for the first day since March 6, jumping 1.9 percent to 158 rupees. Sales increased 30 percent to 12.3 billion rupees in 2011, the Port Louis-based company said in a statement to the stock exchange.