Bloomberg News

Sub-Saharan Africa Stocks: Centum Investment, Mumias Sugar Move

April 17, 2012

Kenya’s All-Share Index (NSEASI) fell for a third day, declining 0.1 percent to 60.68 by the close in Nairobi.

In Mauritius, the SEMDEX Index (SEMDEX) weakened for a second day, retreating 0.3 percent to 1,792.6 by the close in Port Louis. Namibia’s FTSE/Namibia Overall Index (FTN098) rose 0.3 percent to 884.79 in Windhoek.

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

Centum Investment Co. (CENTUM) , Kenya’s largest investment company, advanced for a fourth day, increasing 2.8 percent to 14.65 shillings, the highest close since March 1, after Old Mutual Securities recommended buying the shares in new coverage.

Mumias Sugar Co. (MSUG) , Kenya’s biggest maker of the sweetener, rose for a third day, jumping 4.2 percent to 5 shillings, the highest close since Feb. 8, after the company named its finance director as the new chief executive officer.

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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