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Sub-Sahara Africa Stocks: British-American, Safaricom Are Active

March 22 (Bloomberg) -- The Nigerian Stock Exchange All-Share Index rose for a second day, adding 0.5 percent to 21,181.61 by 11:25 a.m. in Lagos, according to data compiled by Bloomberg.

Mauritius’s SEMDEX Index gained for a third day, rising 0.2 percent to 1,763.53 at the close in Port Louis, the capital. The FTSE/Namibia Overall Index declined for a third day, dropping 0.6 percent to 903.47 at 12:28 p.m. in Windhoek. Kenya’s All-Share Index climbed for a second day, increasing 0.3 percent to 59.85.

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

British-American Investments Co. Kenya Ltd. (BRIT KN), a Nairobi-based financial services company, fell 2.3 percent to 4.2 shillings. The company posted a full-year pretax loss of 1.7 billion shillings ($21 million), compared with a profit of 2.7 billion shillings a year earlier.

Safaricom Ltd. (SAFCOM KN), the Kenyan unit of Vodafone Group Plc, gained for the first time in 11 trading days on bets the stock price is near its bottom and that Kenya’s biggest mobile-phone company will report increased revenue after raising the cost of calls. The stock advanced 3.2 percent to 3.20 shillings.

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

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

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