Sub-Sahara Africa Stocks: New Mauritius Hotels, Williamson Kenya
The FTSE/Namibia Overall Index (FTN098) fell for a second day, slumping 2 percent to 918.26 in Windhoek, the biggest decline since Dec. 14.
Kenya’s All-Share Index (NSEASI) rose for a fourth day, climbing 0.3 percent to 54.92 in Nairobi, the highest close since Jan. 18. The Nigerian Stock Exchange All-Share Index (NGSEINDX) declined for a fourth day, weakening less than 0.1 percent to 20,623.63 in Lagos, according to an e-mailed statement from the bourse. Mauritius’s SEMDEX Index (SEMDEX) slid for a second day, losing less than 0.1 percent to 1,832.83 by the close.
LUX Island Resorts Ltd. (NRL) , the country’s third- biggest leisure operator by market value, jumped 3.5 percent to 24 rupees, the highest level since Jan. 17. The company announced after the stock market closed yesterday that operating profit for the second quarter rose 12 percent to 247 million rupees ($8.4 million), with a positive outlook for the financial year through June.
New Mauritius Hotels Ltd. (NMH) , the country’s biggest leisure operator by market value, dropped 0.6 percent to 78 rupees, the biggest decline since Jan. 25, after it said first- quarter profit fell 3.4 percent and described the outlook for the full year as “challenging.”
Williamson Tea Kenya Ltd. (GWKL) (GWKL KN), the country’s second- biggest producer of the leaves, surged 18 percent to 301 shillings, the biggest gain since November 2009, after the company announced a dividend of 50 shillings per share for the 12 months through March.
To contact the reporter on this story: Chris Kay in Abuja at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.