Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sub-Sahara Africa Stocks: First Bank of Nigeria; Kenya Airways

Don't Miss Out —
Follow us on:

Oct. 14 (Bloomberg) -- The Nigerian Stock Exchange All-Share Index climbed for the first day in seven, rising 0.3 percent to 19,869.85 by the close in Lagos, according to a statement on the bourse’s website.

Kenya’s All-Share Index weakened 0.9 percent to 54.99 by the end of trading in Nairobi, the lowest close since November 2009. The Ghana Stock Exchange Composite Index retreated for a second day, losing 0.2 percent to 995.53. In Mauritius, the SEMDEX Index rose 0.1 percent to 1,883.66. Namibia’s FTSE/Namibia Overall Index advanced 1.2 percent to 800.36.

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 country’s third-largest lender by market value, jumped 10 kobo, or 1 percent, its biggest increase since Sept. 30, to 9.10 naira, after reporting a 32 percent jump in third-quarter profit and agreeing to buy a stake in a Congolese bank.

Kenya Airways Ltd. (KNAL KN), sub-Saharan Africa’s third-biggest airline, slumped 1.25 shillings, or 4.7 percent, to 25.5 shillings. Shareholders approved a plan for the company to double its share capital.

Rogers & Co. (ROGERS MP), a Mauritian company with interests in financial services and aviation, surged 18 rupees, or 6.4 percent, to 300 rupees, the biggest gain since May 2009, after saying its insurance units will merge with those of Swan Insurance & Co and Anglo-Mauritius Assurance Society Ltd.

To contact the reporter on this story: Chris Kay in Abuja at ckay5@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.