The Nigerian Stock Exchange All-Share Index jumped 1 percent, the third day of advances, to 25,736.37 by the 2:30 p.m. close in Lagos, according to an e-mailed statement from the exchange.
Kenya’s All-Share Index fell for a fourth day, erasing less than 0.1 percent to 75.61 by close at 3 p.m. in Nairobi, the longest losing streak since March 25. The Ghana Stock Exchange Composite Index climbed 0.1 percent to 1,151.98 at the 3 p.m. close in Accra. Mauritius’s SEMDEX Index snapped four days of gains, falling less than 0.1 percent to 2,104.39 by the 1:30 p.m. close in Port Louis. Namibia’s FTSE/Namibia Overall Index (FTN098) declined 1.4 percent to 842.32 by 4 p.m. in Windhoek.
Centum Investment Co. (CENTUM KN), East Africa’s biggest investment company, gained 1 shillings, or 4.5 percent, the most in five weeks, to 23.25 shillings. The firm sold its 22 percent stake in Carbacid Investments Ltd., said a Centum spokesman who couldn’t be named, in line with the company’s policy.
Gamma Civic Ltd. (GML) , Mauritius’s largest construction company by market value, dropped for a third day, falling 10 rupees, or 2.5 percent, to 390 rupees, after the company reported a loss of 138.6 million rupees ($5 million) for the third quarter through March compared with a profit of 224.8 million rupees a year earlier, it said in a regulatory filing after the market closed yesterday.
Innodis Ltd. (HWF) , Mauritius’s largest food company by market value, surged 2.3 rupees, or 6.3 percent, to 38.80 rupees, the highest price since at least March 1996, when Bloomberg began compiling the data. The company said net income in the quarter through March rose to 53.6 million rupees as sales increased.
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