Sub-Sahara Africa Stocks: Nigerian Breweries, Tullow Oil Ghana
The Nigerian Stock Exchange All-Share Index (NGSEINDX) weakened 0.4 percent to 20,997.88 at the close in Lagos, according to a statement on the bourse’s website. Mauritius’s SEMDEX Index (SEMDEX) declined 0.5 percent to 1,864.5 by the end of trading. The FTSE/Namibia Overall Index (FTN098) rose 0.3 percent to 895.51 in Windhoek.
Nigerian Breweries Plc (NB) , the country’s biggest brewer by market value, slid 3.6 percent to 95.45 naira, the biggest decline since Dec. 30, as Stanbic IBTC Bank Plc said earnings for brewing companies will be lower in 2012 on input costs.
Guinness Nigeria Plc (GN) (GUINNESS NL), the nation’s second biggest, dropped 3.2 percent to 227.5 naira, the lowest level since Dec. 15.
Tullow Oil Plc (TLW) (TLW GN), the Accra listing of the London- based oil company, slumped 3.2 percent to 30 cedi, the lowest since at least August, after delaying full production from its Jubilee oil field in Ghana.
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