Stocks in South Africa Climb First Day in Three; Massmart, Mr Price Active

South Africa’s FTSE/JSE Africa All Share Index rose for the first day in three, adding 230.74, or 0.8 percent, to 30,186.58 at its 5 p.m. close in Johannesburg.

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

Coal of Africa Ltd. (CZA SJ), an Australian miner of the fuel, fell 14 cents, or 1.4 percent, to 9.75 rand, snapping two days of gains. The company said estimated capital spending on the Vele colliery increased 27 percent.

Eastern Platinum Ltd. (EPS SJ), the owner of the Crocodile River mine in South Africa, reversed yesterday’s losses, adding 42 cents, or 3.8 percent, to 11.48 rand. The company signed a mandate letter for a $100 million corporate-debt facility.

Health Strategic Investments Ltd. (HSI SJ), a hospitals operator in South Africa, decline 18 cents, or 1.3 percent, to 14.20 rand, a second day of decreases. Health said it will unbundle shares in Life Healthcare.

Litha Healthcare Group Ltd. (LHG SJ), the pharmaceuticals company, pared yesterday’s 4 percent drop, gaining 7 cents, or 3.2 percent, to 2.23 rand. Litha urged shareholder caution after it entered into talks.

Mr Price Group Ltd. (MPC SJ), a South African clothing and linen retailer, gained 4.17 rand, or 7.2 percent, to 62.40 rand, the highest since at least August 1990. The company said basic earnings per share for the six months through September rose by as much as 55 percent.

RMB Holdings Ltd. (RMH SJ), a South Africa investment company, leapt 45 cents, or 1.3 percent, to 36.50 rand, reversing yesterday’s losses. RMB issued a further cautionary announcement saying that talks are still in progress.

Spur Corp. Ltd. (SUR SJ), a South African company controlling a chain of franchised steakhouses and pizzerias, gained 15 cents, or 1.2 percent, to 13.25 rand, its highest closing price since Sept. 15. Spur said there were no modifications to its annual financial statements.

Trans Hex Group Ltd. (TSX SJ), Africa’s biggest publicly traded diamond producer, slid 12 cents, or 3.7 percent, to 3.15 rand, the third decline in four days. The company reported a first-half loss of 103 million rand ($15 million) in the six months through September.

To contact the reporter on this story: Franz Wild in Johannesburg at fwild@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net.

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