Sub-Sahara Africa Stocks: Diamond Trust, Mauritius Commercial

(Bloomberg) — The Ghana Stock Exchange Composite Index gained for the tenth day, rising 1.1 percent at 1,160.40 as of the 3 p.m. close of trading in Accra, matching the longest winning streak since Jan. 31.

Kenya’s All-Share Index snapped five days of gains, falling 0.2 percent to 76.59 by the 3 p.m. close in Nairobi. The Nigerian Stock Exchange retreated for the first day in three, falling 0.2 percent, to 25,262.55, as of the 2:30 p.m. close in Lagos, according to a statement on the bourse’s website. Mauritius’s SEMDEX Index climbed for a second day, adding 0.3 percent to 2,067.47 by 1:30 p.m. in Port Louis, the highest close since Feb. 16. Namibia’s FTSE/Namibia Overall Index fell less than 0.1 percent to 845.69 by the 4 p.m. close in Windhoek.

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

Cocoa Processing Co. (CPC GN), a Ghanaian chocolate maker, tumbled 1 pesewa, or 33.3 percent, to 2 pesewas, the biggest decline since April 18, after reporting a loss of 7 million cedis ($4.6 million) compared to a loss of 3.7 million cedis a year earlier in its first-half thought March 31, it said in a statement published on the website of the Accra-based Ghana Stock Exchange today.

Diamond Trust of Kenya Ltd. (DTKL KN), a Kenyan lender that is also publicly traded in Uganda and Tanzania, jumped by 3 shillings, or 2.1 percent, to 148 shillings, the highest close since April 19, after profit in the three months through March surged 63 percent to 580.7 million shillings ($6.89 million), it said in an e-mailed statement from the Nairobi Stock Exchange today.

Mauritius Commercial Bank (MCB MP), the Indian Ocean island nation’s biggest lender by market value, gained 2 rupees, or 1.1 percent, to 180 rupees, the highest close since March 2008, on speculation third-quarter profit will rise. The bank plans to “reach or exceed the 4 billion-rupee ($146.1 million) profit level” in the year through June, Banking Chief Executive Officer Antony Withers said on May 4.

“There are a lot of expectations,” Roshan Ramoly, managing director of CIM Stockbrokers Ltd., said by phone from Port Louis today. “Normal operating profits are seen to be significantly higher than last year,” he said, without providing estimates.