Sub-Sahara Africa Stocks: Diamond Bank, Skye Bank of Nigeria

Namibia’s FTSE/Namibia Overall Index fell for a fourth day, the longest losing streak since the four days through Feb. 18, dropping 1.2 percent to 823.43 by the 4 p.m. close in Windhoek.

The Nigerian Stock Exchange All-Share Index retreated for the third day, losing 0.3 percent to 23,826.99 by the 2:30 p.m. close in Lagos, according to an e-mailed statement from the bourse. Mauritius’s SEMDEX Index rose for the first day in three, gaining 0.2 percent to 2,026.95 by the 1:30 p.m. close in Port Louis. Kenya’s All-Share Index advanced 0.2 percent to 65.98 by the 3 p.m. close in Nairobi. The Ghana Stock Exchange Composite Index rose 0.4 percent to 1,170.85 by the 3 p.m. close in Accra.

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

Diamond Bank Plc (DIAMONDB NL), Nigeria’s ninth largest lender by market value, retreated 25 kobo, or the maximum daily limit of 5 percent, to 4.75 naira, the lowest level since July 14, after reporting first-half profit before tax declined 68 percent to 2 billion naira ($13 million) from a year earlier.

Sameer Africa Ltd. (SAME KN), a Kenyan tiremaker, slid 10 cents, or 2 percent, to 4.8 shillings, the lowest since July 19, after it said costs were likely to rise in the second half of this year.

Skye Bank Plc (SKYEBANK NL), a Nigerian lender, fell for a third day, declining 29 kobo, or 4.4 percent, to 6.36 naira. The company forecast full-year net income of 270 million naira.

Transnational Corp. of Nigeria Plc (TRANSCOR NL), which has interests in hotels, agriculture and oil, gained 4 kobo, or 3.9 percent, to 1.07 naira, the highest close since June 29, after the Lagos-based company reported that profit for the 12 months through December jumped to 5.4 billion naira from 1.22 billion naira a year earlier.

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