Absa Group Falls Most in 6 Weeks After Saying That Profit Ex-Items Dropped

Absa Group Ltd., the South African bank owned by Barclays Plc, fell the most in six weeks in Johannesburg trading after saying first-half profit excluding one-time items declined as much as 5 percent.

The stock slipped as much as 3.60 rand, or 2.6 percent, to 135.25 rand, its biggest intraday drop since June 18, and was trading at 135.80 rand as of 9:23 a.m. local time.

To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

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