Sub-Sahara Africa Stocks: First Bank of Nigeria, Safaricom Kenya

The Nigerian Stock Exchange All- Share Index (NGSEINDX) jumped 1.5 percent to 21,094.51 in Lagos, according to an e-mailed statement from the bourse.

The FTSE/Namibia Overall Index (FTN098) advanced for a second day, surging 1.9 percent to 901.14 in Windhoek. Kenya’s All-Share Index (NSEASI) snapped three days of declines, trading less than 0.1 percent higher at 60.70 in Nairobi. Mauritius’s SEMDEX Index (SEMDEX) fell for a third day, down 0.1 percent to 1,790.39 by the end of trading.

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

First Bank of Nigeria Plc (FIRSTBAN NL), the West African nation’s third-largest lender by market value, rose for a third day, increasing 4.9 percent to 10.2 naira, the highest closing level since March 27, after reporting full-year earnings growth and higher-than-average dividend yield.

Safaricom Ltd. (SAFCOM) , Kenya’s biggest mobile-phone company, advanced 1.6 percent to 3.25 shillings, the strongest level at the end of trading since March 27, after the nation’s industry regulator said the company led gains in new customers added in the fourth quarter.

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

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

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