Sub-Saharan African Stocks Report: Guinness Gains, Tropical Paradise Falls

Mauritius’s SEMDEX Index fell for a fourth day, retreating 0.3 percent to 1,913.75 by the 1:30 p.m. close in Port Louis.

Kenya’s All-Share Index snapped two days of gains, retreating 0.4 percent to 62.67 by the 3 p.m. close in Nairobi, the capital. The Nigerian Stock Exchange All-Share Index slid for a second day, declining 0.8 percent to 22,547.62 by the 2:30 p.m. close in Lagos, according to a statement on the bourse’s website. Namibia’s FTSE/Namibia Overall Index (FTN098) advanced for a second day, adding 1.4 percent to 765.50 by the 4 p.m. close in Windhoek. The Ghana Stock Exchange Composite Index dropped 0.6 percent to 1,177.67 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.

Guinness Nigeria Plc (GUINNESS) advanced for the first time in three weeks, gaining 2 naira, or 0.9 percent, to 215 naira. Renaissance Capital reinitiated coverage of the nation’s second-biggest brewer by market value with a “buy” rating and a price estimate of 303 naira.

Standard Group Ltd. (STNG) , Kenya’s second-biggest media company, rose for a fifth day, adding 2.5 shillings, or 8.1 percent, to 33.5 shillings. The group said first-half profit climbed 6.5 percent as revenue increased.

Tropical Paradise Ltd. (TPL MP), a Mauritian leisure operator, fell to its lowest in more than a month, declining 0.45 rupees, or 6.6 percent, to 6.35 rupees. The group plans to sell stock to existing shareholders to help finance its acquisition of The Link Hotel at Ebene.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

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

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