Sub-Sahara Africa Stocks: KenolKobil, Mumias, Livestock Feeds

Kenya’s All-Share Index (NSEASI) rose for a third day to the highest in almost a year, climbing 0.7 percent to 68.82 by the close in Nairobi.

The Nigerian Stock Exchange All-Share Index advanced 0.6 percent to 21,690.54 in Lagos, according to data compiled by Bloomberg. Mauritius’s SEMDEX Index (SEMDEX) advanced less than 0.1 percent to 1,779.91 in Port Louis. The FTSE/Namibia Overall Index (FTN098) jumped 1.3 percent to 902.78 in Windhoek.

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

KenolKobil Ltd. (KNOC) , a Kenyan fuel retailer, gained for a second day, climbing 6.2 percent to 16.40 shillings, the highest on record. Puma Energy BV, a Geneva-based subsidiary of Trafigura Beheer BV, may offer minority investors a premium when it makes a formal bid for the company this month, Faith Atiti, an analyst at Nairobi-based Sterling Investment Bank Ltd. said in a phone interview today.

Livestock Feeds Plc (LIVESTOC) , a Nigerian animal-feed maker, gained the most in almost seven weeks, jumping 4.9 percent to 1.08 naira. UAC of Nigeria Plc, a food-products maker, signed a memorandum of understanding to take a holding in Livestock Feeds, it said in a statement to the Nigerian Stock Exchange today.

Mumias Sugar Co. (MSUG) , Kenya’s biggest producer of the sweetener, advanced for the first time in four days, rising 0.8 percent to 6.15 shillings. Sugar climbed for a third day in London and New York on speculation supplies from top grower Brazil will remain limited after the July futures expired.

Seven-Up Bottling Co (7UP NL), a Nigerian soft-drink maker, advanced the most in more than nine months, rising 5 percent to 40.22 naira. The company will pay a dividend of 2 naira per share, it said in a statement posted on the website of the Nigerian Stock Exchange yesterday.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at

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

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