Sub-Sahara Africa Stocks: Oando of Nigeria

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The Nigerian Stock Exchange All- Share Index (NGSEINDX) snapped seven days of declines, rising 0.8 percent to 20,807.19 as of 1:48 p.m. in Lagos, according to data compiled by Bloomberg.

Mauritius’s SEMDEX Index (SEMDEX) climbed 0.3 percent to 1,801.53 by the end of trading. Kenya’s All-Share Index (NSEASI) gained 0.7 percent to 60.04 at the close in Nairobi. The FTSE/Namibia Overall Index (FTN098) advanced for the third day, increasing 0.2 percent to 899.87 at 1:51 p.m. Windhoek.

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

Kakuzi Ltd. (KKZI) , a Kenyan tea and fruit producer, gained for a second day, advancing 0.6 percent to 80 shillings, the highest since March 1, after reporting profit in the year through December jumped 67 percent and a larger dividend.

Oando Plc (OANDO) , a Nigerian energy company, dropped for a seventh day, falling by the maximum daily limit of 5 percent, to 19.95 naira. Oil fell after the biggest gain in six weeks as a forecast for rising supplies in the U.S. signaled demand may be easing in the world’s biggest crude consumer.

To contact the reporter on this story: Chris Kay in Abuja at ckay5@bloomberg.net

To contact the editor responsible for this story: Stephen Kirkland at skirkland@bloomberg.net

 

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