Equities in South Africa Fall for a Second Day, Led by Billiton, Astrapak

South Africa’s FTSE/JSE Africa All Share Index declined for a second day, falling 599.26, or 2.2 percent, to 26,470.47 in Johannesburg, the most in three months.

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

Astrapak Ltd. (APK SJ), South Africa’s largest plastic- packaging company, retreated 47 cents, or 5 percent, to 9 rand, the lowest since Jan 15. Astrapak said earnings per share excluding one-time items for the six months through August are expected to fall by between 40 percent and 50 percent from a year earlier.

Basil Read Holdings Ltd. (BSR SJ), a construction company, slid for a second day, dropping 9 cents, or 0.8 percent, to 11.65 rand, the lowest since Feb. 1. Basil Read said its order book stood at 8.1 billion rand ($1.1 billion) as of June 30.

BHP Billiton Plc (BIL SJ), the world’s biggest mining company, fell 4.94 rand, or 2.4 percent, to 200.50 rand, a second day of declines. BHP 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.

Discovery Holdings Ltd. (DSY SJ), an insurance and healthcare company, declined 37 cents, or 1.1 percent, to 35 rand. Earnings per share excluding one-time items for the year through June are expected to be between 20 percent and 30 percent higher than a year earlier.

Distell Group Ltd. (DST SJ), South Africa’s biggest winemaker, slid for the first day in three, falling 1.95 rand, or 2.7 percent, to 71 rand. Net income for the 12 months through June slipped to 941.6 million rand from 953.7 million rand a year earlier.

Growthpoint Properties Ltd. (GRT SJ), a real-estate developer, lost 3 cents, or 0.2 percent, to 16.57 rand. The company said its distribution in the fiscal year through June 30 rose 5.8 percent to 1.21 rand per linked unit, which comprises an ordinary share and a debenture.

Murray & Roberts Holdings Ltd. (MUR SJ), South Africa’s second-largest construction company by market value, fell 59 cents, or 1.4 percent, to 40.38 rand, the lowest in almost a month. Net income for the year through June declined 46 percent to 1.1 billion rand from a year earlier.

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

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