Sub-Sahara Africa Stocks: BAT Kenya, Kenya Airways Active
Kenya’s All-Share Index (NSEASI) rose for a fourth day, climbing 0.5 percent to 69.13 by the close in Nairobi.
The Nigerian Stock Exchange All-Share Index gained 1.1 percent to 21,930.90 in Lagos, according to data compiled by Bloomberg. Mauritius’s SEMDEX Index (SEMDEX) fell 0.2 percent to 1777.02 by the end of trading in Port Louis, down for the first time in three days. The FTSE/Namibia Overall Index (FTN098) slid 0.1 percent to 901.58 in Windhoek.
The following shares rose or fell in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
British American Tobacco Kenya Ltd. (BATK) , the country’s biggest cigarette manufacturer, rallied to the highest since at least May 1997 on speculation that first-half earnings will increase. The shares jumped 1.6 percent to 380 shillings.
Ghana Commercial Bank Ltd. (GCB) , the West African nation’s lender with the most branches, rose to the highest in more than seven months on speculation that first-half profit increased. The stock gained 1.5 percent to 2 cedis.
Kenya Airways Ltd. (KNAL) , sub-Saharan Africa’s third- biggest carrier, fell for the first time in seven days after having its earnings estimate for the year ending March 2013 cut 13 percent by Standard Investment Bank. The shares slipped 1 percent to 14.35 shillings.
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