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Sub-Sahara Africa Stocks: Housing Finance of Kenya; Safaricom

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Nov. 3 (Bloomberg) -- Kenya’s All-Share Index fell for the first day in five, declining 0.1 percent to 57.59 in Nairobi.

Mauritius’s SEMDEX Index rose 0.3 percent to 1,888.96 by the end of trading. The Ghana Stock Exchange Composite Index advanced for a second day, rising 0.5 percent to 1,011.31 in Accra. The Nigerian Stock Exchange All-Share Index gained 0.1 percent to 20,521.31 in Lagos, according to a statement on the website of the bourse. The FTSE/Namibia Overall Index rose for the second day, climbing 0.4 percent to 811.25 in Windhoek.

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

Housing Finance Co. (HFCL KN), Kenya’s only publicly traded mortgage lender, rose 0.6 percent to 16.15 shillings, after reporting profit surged 63 percent in the three months through September.

Kenya Airways Ltd. (KNAL KN), sub-Saharan Africa’s third-biggest airline, gained 1.1 percent to 22.75 shillings, the first gain in three days. The company said it was “optimistic that the company’s performance will continue improving” after reporting first-half profit jumped 41 percent as it carried more passengers and cargo.

Okomu Oil Palm Plc (OKOMUOIL NL), a Nigerian processor of the kernels, 4.9 percent to 20.34 naira, its highest value since Oct. 4, after saying nine-month profit more than doubled.

Safaricom Ltd. (SAFCOM KN), East Africa’s biggest mobile-phone company, advanced 3.5 percent, to 3 shillings, on speculation the company report higher revenue next week. “We are expecting good results out of the company,” Amos Odero, a senior equities dealer at Nairobi-based Genghis Capita Ltd., said by phone today. Safaricom releases results on Nov. 9.

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

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