Hosken Consolidated, Kumba Iron Ore: South African Equity-Market Preview
The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
South Africa’s FTSE/JSE Africa All Share Index fell 136.38, or 0.5 percent, to 28,041.85 in Johannesburg yesterday.
Hosken Consolidated Investments (HCI SJ): The investment holding company expects basic earnings per share of between 458 cents and 504 cents for the year through March, compared with 890 cents a year earlier, according to a statement. The company gained 1.29 rand, or 1.6 percent, to 81.29 rand.
Kumba Iron Ore Ltd. (KIO SJ): The company said it has been “quite severely” affected by a continuing strike by South African port and rail workers. Ferrochrome producers Xstrata Plc, Samancor Ltd. and Ruukki Group all declared force majeure over the labor action. Kumba rose 2.60 rand, or 0.8 percent, to 340.60 rand.