Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sub-Sahara Africa Stocks: Nestle Nigeria, NIC Bank of Kenya

Kenya’s All-Share Index rose for a third day, climbing 0.3 percent to 55.68 in Nairobi.

Mauritius’s SEMDEX Index fell for a third day, declining 0.2 percent to 1,809.48. The Nigerian Stock Exchange All-Share Index weakened 0.2 percent to 20,256.39 as of 2:30 p.m. in Lagos, according to data compiled by Bloomberg. The FTSE/Namibia Overall Index rose 0.4 percent to 918.19 in Windhoek.

The following shares were active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

Nestle Nigeria Plc (NESTLE NL), the West African nation’s largest food company by market value, slumped 4.8 percent to 420 naira, the biggest decline since Jan. 3, after saying it will pay a final dividend of 11.05 naira per share.

The dividend announcement has “discouraged a lot of investors,” David Adonri, chief executive officer of Lambeth Trust & Investment Co., a Lagos-based brokerage, said by phone today. “It is too small compared with its price.”

NIC Bank Ltd. (NICB KN), a Kenyan lender, surged 11 percent to 27.75 shillings, the biggest closing gain since December 2007, after it reported full-year profit jumped and said it planned to issue bonus shares as part of a planned rights offer.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.