Sub-Sahara Africa Stocks: Pan Africa Insurance, Total Kenya Move
The Nigerian Stock Exchange All- Share Index declined for a fifth day, dropping 0.1 percent to 20,286.44 in Lagos, according to an e-mailed statement from the exchange.
The FTSE/Namibia Overall Index (FTN098) retreated for a third day, losing 1.8 percent to 799.31 in Windhoek. Mauritius’s SEMDEX Index slipped 0.2 percent to 1,896.14 in Port Louis, a fifth day of losses. Kenya’s All-Share Index dropped for the first time in four days, losing 0.1 percent to 57.44 in Nairobi. The Ghana Stock Exchange Composite Index fell less than 0.1 percent to 989.29 in Accra.
Pan Africa Insurance Holdings Ltd. (PAIL) : The Kenyan unit of South Africa’s Sanlam Ltd. (SLM), fell on speculation full- year profit will decline. The stock dropped 6.3 percent to 22.50 shillings in Nairobi at the end of trading, the lowest since March 8, 2010, according to data compiled by Bloomberg.
Total Kenya Ltd. (TKNL) : The local unit of Total SA (FP) fell to the lowest in a month as oil declined for a third day. The stock dropped 2.8 percent to 15.55 shillings in Nairobi at the end of trading, the weakest level since Oct. 25, according to data compiled by Bloomberg.
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