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Sub-Saharan African Stocks Report: Guinness, Tropical Paradise

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 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 NL) 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 KN), 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.

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