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Sub-Sahara Africa Stocks: City Trust of Kenya, TransCentury Gain

Dec. 7 (Bloomberg) -- The Ghana Stock Exchange Composite Index retreated for a fourth day, losing 1 percent to close at 968.97 in Accra.

Kenya’s All-Share Index snapped two days of gains, falling 0.1 percent to 53.14 in Nairobi. The Nigerian Stock Exchange All-Share Index declined for a second day, weakening 0.6 percent to 19,829.29 in Lagos, according to a statement on the bourse’s website. Mauritius’s SEMDEX Index fell for the first day in three, slipping less than 0.1 percent to 1,864.15 by the end of trading. The FTSE/Namibia Overall Index rose less than 0.1 percent to 851.56 in Windhoek.

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

City Trust Ltd. (CTRL KN), a Kenyan investment company, jumped 3.3 percent to 279, the highest close since November 2006, after the Nairobi-based company said shareholders have a cut off date of Dec. 29 to be entitled to a dividend.

TransCentury Ltd. (TCL KN), a Kenyan investor in infrastructure projects, rose 1.9 percent to 27.5 shillings, after it said shareholders approved an investment in Civicon Ltd., a civil and mechanical engineering company with operations in five East African nations.

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

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

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