Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

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: Guaranty Trust of Nigeria, KenolKobil

May 2 (Bloomberg) -- Kenya’s All-Share Index fell 0.7 percent to 61.79 in Nairobi.

The Nigerian Stock Exchange All-Share Index jumped 1.1 percent to 22,350.99 at 2:30 p.m. in Lagos, according to data compiled by Bloomberg. Mauritius’s SEMDEX Index climbed 0.1 percent to 1,799.44 in Port Louis. The FTSE/Namibia Overall Index weakened 0.1 percent to 907.28 in Windhoek.

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

KenolKobil Ltd. (KNOC KN), a Kenyan fuel retailer with operations in nine African countries, snapped four days of declines, jumping 3.8 percent to 12.5 shillings, after the Times of Zambia reported it was shortlisted for a tender by the Zambian government.

Guaranty Trust Bank Plc (GUARANTY NL), Nigeria’s biggest lender by market value, rose by the 5 percent daily limit to close at 16.82 naira, the highest price since April 2008.

Guaranty is projected to achieve a 40 percent growth in earnings this year, compared with 37 percent for the Nigerian banking industry, Adesoji Solanke, a Lagos-based Africa banking analyst at Renaissance Capital, said by phone today.

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.