Related News:
BHP, Imperial and Murray & Roberts May Move: South Africa Equity Preview
The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.
The FTSE/JSE Africa All Share Index fell 291.97, or 1.1 percent, to 27,069.73 in Johannesburg.
AH-Vest Ltd. (AHL SJ): The food distributor said it will ask the High Court to set aside a decision by the Financial Services Board’s appeal body to uphold penalties against the company and its chief executive officer. The shares were unchanged at 9 cents.
BHP Billiton Ltd. (BIL SJ): The world’s largest mining company said net income was $12.7 billion for the year ended June 30, lower than the $13.3 billion average estimate of 15 analysts compiled by Bloomberg. The stock fell 3.06 rand, or 1.5 percent, to 205.44 rand.
Brimstone Investment Corp. (BRT SJ): The investment holding company said first-half net income climbed to 352.6 million rand from 24.5 million rand a year ago. The shares were unchanged at 7 rand.
Distell Group Ltd. (DST SJ): South Africa’s biggest winemaker is scheduled to release earnings for the year through June 30. Distell gained 35 cents, or 0.5 percent, to 72.95 rand.
Harmony Gold Mining Co. (HAR SJ): The gold producer is hosting an investor day. The shares increased 51 cents, or 0.7 percent, to 74 rand.
Imperial Holdings Ltd. (IPL SJ): The largest owner of vehicle dealerships said annual profit rose 35 percent to 1.94 billion rand. Imperial rose 98 cents, or 1 percent, to 98 rand.
Murray & Roberts Holdings Ltd. (MUR SJ): South Africa’s second-largest construction company by market value is scheduled to release earnings for the fiscal year through June 30. Per- share profit may decline by as much as 55 percent because of higher-than-expected costs associated with the Gautrain high- speed rail project, the company said June 23. The stock fell 33 cents, or 0.8 percent, to 40.97 rand.
Sasol Ltd. (SOL SJ): The Mozambican government said it approved an oil exploration contract between Sasol and the state-owned company Empresa Nacional de Hidrocarbonetos. Sasol shares fell 3.47 rand, or 1.2 percent, to 284.63 rand.
Telkom South Africa Ltd. (TKG SJ): The board of South Africa’s fixed-line operator is over-represented by the nation’s government, affecting its independence and hindering the company’s performance, Johannesburg-based Talk Radio 702 said, citing a study by Avior Research. Telkom shares fell 29 cents, or 0.9 percent, to 33.41 rand.
Truworths International Ltd. (TRU SJ): Royal Bank of Scotland Group Plc raised its recommendation on the stock to ‘buy’ from ‘hold,’ citing the prospect of a large special dividend. The shares fell 13 cents, or 0.2 percent, to 55.27 rand.
Shares or American depositary receipts of the following South African companies closed as follows:
Anglo American Plc (AAUKY US) fell 2.8 percent to $17.72. AngloGold Ashanti Ltd. (AU US) dropped 2.2 percent to $42.30. BHP Billiton Ltd. (BBL US) declined 1.8 percent to $55.34. DRDGold Ltd. (DROOY US) fell 1 percent to $4.03. Gold Fields Ltd. (GFI US) shed 1.9 percent to $13.80. Harmony Gold Mining Co. (HMY US) increased 0.2 percent to $9.97. Impala Platinum Holdings Co. (IMPUY US) dropped 2.2 percent to $24.31. Sappi Ltd. (SPP US) fell 1.5 percent to $4.61. Sasol Ltd. (SSL US) declined 1.8 percent to $38.14.
To contact the reporters on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net;
Rate These Stories
Rate this Page
