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Sub-Sahara Africa Stocks: Centum Investment of Kenya, Williamson

Nov. 28 (Bloomberg) -- Mauritius’s SEMDEX Index tumbled for a 10th day, losing 0.2 percent to 1,881.27 by the close, the longest decline since the 10 days through Feb. 18, 2010.

Kenya’s All-Share Index fell for a third day, weakening 0.4 percent to 55.54 in Nairobi, the lowest since Oct. 27. The Ghana Stock Exchange Composite Index gained for the first day in three, advancing 0.2 percent to 983.66 in Accra. The FTSE/Namibia Overall Index climbed for a third day, rising less than 0.1 percent to 795.99 in Windhoek. The Nigerian Stock Exchange All-Share Index retreated less than 0.1 percent to 20,103.22 in Lagos, according to an e-mailed statement from the exchange.

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

Centum Investment Co. (CENTUM KN), East Africa’s biggest publicly traded investment company, snapped seven days of declines, jumping 2.2 percent to 13.95 shillings, after a slowdown in the sale of bonus shares the company awarded investors.

“The downfall was temporary because it was an initial sell off that comes when companies give bonus shares and everyone was selling their bonus shares,” George Bodo, an equity strategist at Nairobi-based Apex Africa Capital Ltd, said by phone today.

Williamson Tea Kenya Ltd. (GWKL KN), a producer of the leaves, rose 5.6 percent to 285 shillings, the biggest gain since Nov. 11, after the company reported first-half profit increased 76 percent.

To contact the reporter on this story: Chris Kay in Lagos at ckay5@bloomberg.net

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

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