Sub-Sahara Africa Stocks: Aluworks Ghana, Total Kenya Are Active

The Nigerian Stock Exchange All-Share Index declined for the first day in three, dropping 1.1 percent to 21,038.59, according to data compiled by Bloomberg. The index is up 1.8 percent this week.

The FTSE/Namibia Overall Index retreated for a fourth day, dropping 0.6 percent to 891.10. Kenya’s All-Share Index climbed for a second day, increasing 0.2 percent to 59.84. Mauritius’s SEMDEX Index was closed for a public holiday.

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

Aluworks Ghana Ltd. (ALW GN), a maker of aluminium products, reached an almost 12 year low on concern cheaper imports of Chinese products will erode the company’s revenue. The stock fell 12.5 percent to 7 pesewas at 1:47 p.m. in Accra, the capital.

Total Kenya Ltd. (TKNL KN), a Nairobi-based distributor of petroleum products, dropped to the lowest level in almost three months amid delays in a plan to improve processing efficiency at the country’s sole refinery in Mombasa. The stock retreated for a fifth day, declining 4.3 percent to 14.5 shillings.

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