Bloomberg News

Sub-Sahara Africa Stocks: George Williamson, Longman Nigeria

June 16, 2011

June 16 (Bloomberg) -- Mauritius’s SEMDEX Index advanced for a third day, increasing 0.1 percent to 2,088.39 by the 1:30 p.m. close in Port Louis, the highest close since May 20.

The Nigerian Stock Exchange All-Share Index retreated for the sixth day, falling 0.2 percent to 25,428.35 by the 2:30 p.m. close in Lagos, according to an e-mailed statement from the bourse. Kenya’s All-Share Index snapped five days of declines, rising less than 0.1 percent to 71.25 by the 3 p.m. end of trading in Nairobi. The Ghana Stock Exchange Composite Index fell 0.1 percent to 1,175.30 by the 3 p.m. close in Accra.

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

George Williamson Kenya Ltd. (GWKL KN), a tea grower, slumped 11 shillings, or 5.2 percent, to 200 shillings, after tea production in the East African nation slipped 12 percent in April to 31,4821 metric tons from a year earlier.

Longman Nigeria Plc (LONGMAN NL), which publishes and markets educational materials, fell 33 kobo, or the maximum daily limit of 5 percent, to 6.27 naira, the lowest level since August 2010. Pearson Plc plans to sell its 51 percent stake in the company, Longman Nigeria’s Chairman Emmanuel Ijewere said in a statement published in Punch newspaper yesterday.

--Editors: Linda Shen, Gavin Serkin

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

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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