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Sub-Sahara Africa Stocks: AccessKenya Group, PZ Cussons Nigeria

May 31 (Bloomberg) -- Kenya’s All-Share Index gained for a fourth day, advancing 0.5 percent to 64.43 in Nairobi.

The Nigerian Stock Exchange All-Share Index retreated 0.5 percent to 22,066.4 in Lagos, according to an e-mailed statement from the bourse. Mauritius’s SEMDEX Index fell 0.3 percent to 1,804.93 in Port Louis. The FTSE/Namibia Overall Index retreated 0.1 percent to 857.50 in Windhoek.

The following shares were active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

AccessKenya Group Ltd. (ACCESS KN), the East African nation’s only publicly traded internet company, gained for a third day, surging 7.2 percent to 5.20 shillings, the highest since Jan. 6, after Business Daily reported the founders of the company had increased their shareholding.

PZ Cussons Nigeria Plc (PZ NL), a consumer products manufacturer, advanced 3.5 percent to 23.85 naira, the highest close since April 16, as investors bet the company will declare a dividend for the full year that ends today.

“Today is the last day of the company’s financial year, so investors are taking position on the stock in anticipation of dividend and bonus declaration,” Raheem Mohammed, chief operating officer of Kundila Finance Ltd., said by phone from Lagos today.

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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