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Sub-Sahara Africa Stocks: Eveready East Africa, Rea Vipingo

Kenya’s All-Share Index snapped three days of increases, dropping 0.1 percent to 74.97 by the 3 p.m. close in Nairobi.

The Ghana Stock Exchange Composite Index slipped for a fourth day, retreating less than 0.1 percent to 1,162.40 at 2:38 p.m. in Accra. Mauritius’s SEMDEX Index retreated 0.3 percent to 2,077.66 by the 1:30 p.m. close in Port Louis, paring its gain this month to 0.8 percent. Namibia’s FTSE/Namibia Overall Index (FTN098) increased for a fifth day, advancing less than 0.1 percent to 862.99 by 3:38 p.m. in Windhoek, while the Nigerian market was closed for a public holiday.

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

Eveready East Africa Ltd. (EVRD) , a Kenyan battery manufacturer, declined the most since May 24, losing 0.5 shilling, or 2.3 percent, to 2.15 shillings after the company posted a first-half loss because of competition from trade in “illicit” dry-cell batteries and high raw-material costs as the shilling depreciated.

Rea Vipingo Plantations Ltd. (RVPL) , a Kenyan sisal producer and spinner, rose for the first day in four, climbing 0.05 shilling, or 0.4 percent, to 14.05 shillings. The company reported a profit of 153.4 million shillings ($2 million) for the six months through March compared with a loss of 7.75 million shillings a year earlier, it said in a statement e- mailed by the Nairobi Stock Exchange on May 27.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

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

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