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Sub-Sahara Africa Stocks: Sasini Kenya, Transnational of Nigeria

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May 24 (Bloomberg) -- Kenya’s All-Share Index fell 0.4 percent to 64.32 at the close in Nairobi.

Mauritius’s SEMDEX Index declined for a third day, retreating 0.4 percent to 1,813.42 at the close in Port Louis. Namibia’s FTSE/Namibia Overall Index climbed 0.4 percent to 858.58 in Windhoek.

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

Oando Plc (OANDO NL), a Nigerian energy company, snapped four days of losses, rising 1.4 percent to 15.20 naira. Oil rebounded from a seven-month low as world powers and Iran struggled to overcome disagreements at their second round of meetings on the country’s nuclear program.

Sasini Ltd. (STCL KN), Kenya’s largest coffee and tea producer by market value, gained 2.5 percent to 12.25 shillings, the highest close since March 2, after the domestic currency weakened and as prices for the commodities rose.

Transnational Corp. of Nigeria Plc (TRANSCOR NL), which has interests in hotels, agriculture and oil, gained for an 11th day, jumping 4.9 percent to 86 kobo, the highest in more than eight months, as first-quarter profit surged.

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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