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South African Stocks: Absa, Anglo, BHP, MTN, Sasol, Super Group

By Garth Theunissen and Vernon Wessels

July 25 (Bloomberg) -- South Africa's FTSE/JSE Africa All Share Index fell for the first time in three days, declining 434.32, or 1.6 percent, to 26,995.8. The measure declined 2.2 percent this week.

The following were among the most active stocks in the South African market today. Symbols are in parentheses.

Absa Group Ltd. (ASA SJ), South Africa's largest consumer bank, fell 1.55 rand, or 1.6 percent, to 98.20, following a retreat financial shares worldwide on concern credit-related losses may worsen. FirstRand Ltd. (FSR SJ), the second-biggest South African financial-services group, sank 62 cents, or 3.9 percent, to 15.27 rand, the biggest drop since June 6.

Anglo American Plc (AGL SJ), the largest investor in South African mining, dropped for a fourth day, losing 4.91 rand, or 1.2 percent, to 405.50. BHP Billiton Plc (BIL SJ), the world's biggest miner, declined for a second day, losing 4.11 rand, or 1.7 percent, to 233.50. Lead, nickel and zinc prices slipped on the London Metal Exchange.

Exxaro Resources Ltd. (EXX SJ), which mines coal and zinc in southern Africa, declined the most in a week, falling 2.53 rand, or 2.3 percent, to 107.50. Operating profit in the six months through June decreased about 10 percent, mainly because of a loss at its mineral sands business, the company said in a statement yesterday after the close of trading in Johannesburg.

MTN Group Ltd. (MTN SJ), Africa's biggest mobile-phone company, declined for the first time in three days, losing 4 rand or 3.1 percent, to 126. MTN said today it will spend 7.1 billion rand ($936 million) in South Africa this year and will invest 130 million rand in a fiber-optic network.

Sasol Ltd. (SOL SJ), the world's biggest maker of motor fuel from coal, dropped 9.5 rand, or 2.5 percent, to 378, the lowest in almost four months. Crude oil fell 1.4 percent to $123.66 a barrel in New York, extending its decline from a record $147.27 a barrel reached on July 11 to almost 15 percent.

Super Group Ltd. (SPG SJ) decreased 12 cents, or 3 percent, to 3.85 rand, the lowest since July 1996. The freight transporter and car dealer yesterday had its biggest drop in almost 10 years after the company said it plans to raise 750 million rand by selling stock to existing shareholders at 4 rand apiece.

To contact the reporters on this story: Vernon Wessels in Johannesburg at vwessels@bloomberg.net; Garth Theunissen in Johannesburg gtheunissen@bloomberg.net

Last Updated: July 25, 2008 11:32 EDT

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