Sub-Sahara Africa Stocks: Centum Kenya, East African Breweries
Kenya’s All-Share Index (NSEASI) rose for a sixth day, climbing 0.5 percent to 66.11 in Nairobi.
The Nigerian Stock Exchange All-Share Index snapped three days of declines, increasing 0.1 percent to 21,044.7 in Lagos, according to data compiled by Bloomberg. Mauritius’s SEMDEX Index (SEMDEX) gained 0.1 percent to 1,787.79 by the close in Port Louis. The FTSE/Namibia Overall Index (FTN098) climbed for a third day, advancing 0.6 percent to 915.27 in Windhoek.
The following shares are active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.
Centum Investment Co. (CENTUM) , Kenya’s largest publicly traded investment company, retreated 9.8 percent to 13.30 shillings, the biggest drop since February 2007, after full-year earnings fell by almost half.
East African Breweries Ltd. (EABL) , Kenya’s biggest beermaker, rose 1.4 percent to 223 shillings, the highest close since Jan. 6, 2011, on speculation profit will increase in the year ending this month.
“The stock has generated good appetite from investors as there is expectation of strong performance for the year ending June on the back of turnaround for loss-making Serengeti Breweries in Tanzania to breaking-even level,” Eric Musau, an analyst at Nairobi-based Standard Investment Bank Ltd., said in a phone interview.
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