Senate Passes Bipartisan Budget Deal Rolling Back $63 Billion in Cuts
Gold Fields, JSE, Purple, Sasol May Be Active: South Africa Stocks 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 declined the most since Aug. 25, losing 595.49, or 1.9 percent, to 31,543.05 in Johannesburg.
BHP Billiton Ltd. (BIL SJ): Australia’s Queensland state, recovering from its worst floods on record, faces a second, larger storm days after Tropical Cyclone Anthony hit the coast. Earlier flooding caused mining companies, including BHP and Rio Tinto Group, to halt coal exports.
BHP, the world’s largest mining company, fell 7.87 rand, or 2.8 percent, 269.41 rand.
Gold Fields Ltd. (GFI SJ): Spot gold declined as much as 0.5 percent to $1,330.15 an ounce, erasing an earlier gain of as much as 0.7 percent.
Gold Fields, the continent’s second-largest gold producer, slumped 1.83 rand, or 1.6 percent, to 111.82 rand. Harmony Gold Mining Co. Ltd. (HAR SJ) gained 55 cents, or 0.7 percent, to 76.70 rand.
JSE Ltd. (JSE SJ): The operator of South Africa’s stock and bond markets is in talks with the London Stock Exchange Group Plc about adopting the U.K. bourse’s MillenniumIT trading platform. JSE added 47 cents, or 0.6 percent, to 82 rand.
KAP International Holdings Ltd. (KAP SJ): The investment company said fiscal first-half earnings per share will increase to between 13 cents and 15 cents from 11.3 cents a year earlier. KAP’s shares declined 5 cents, or 2.2 percent, to 2.25 rand.
Kumba Iron Ore Ltd. (KIO SJ): South Africa’s Department of Mineral Resources dismissed allegations by Kumba that Imperial Crown Trading 289 Ltd.’s application for a prospecting right over part of Kumba’s Sishen mine was irregular, Business Day said, citing court documents. Kumba fell 13.03 rand, or 2.8 percent, to 454.47 rand.
Pretoria Portland Cement Co Ltd. (PPC SJ): Africa’s largest maker of the building material is scheduled to hold its annual general meeting. PPC dropped 1.10 rand, or 3.3 percent, to 32.65 rand.
Purple Capital Ltd. (PPE SJ): The company with investments in finance and asset-management firms has raised 24.96 million rand ($3.5 million) after issuing a total of 104 million ordinary shares. The money will be invested in the company’s gaming expansion strategy, it said. Purple gained 3 cents, or 8.3 percent, to 39 cents, its highest price since August 2008.
Sasol Ltd. (SOL SJ): Oil surged the most since September 2009 as unrest in Egypt raised concern that protests would spread to major oil-producing parts of the Middle East. Sasol fell 3.98 rand, or 1.1 percent, to 349 rand.
The following shares begin trading without the rights to their latest dividends:
Cenmag Holdings Ltd. (CMG SJ), Mobile Industries Ltd. (MOB SJ), Premium Properties Ltd. (PMM SJ), Tradehold Ltd. (TDH SJ).
Shares or American depositary receipts of the following South African companies closed as follows:
Anglo American Plc (AAUK US) dropped 4.7 percent to $23.89. AngloGold Ashanti Ltd. (AU US) fell 1.4 percent to $43.13. BHP Billiton Ltd. (BBL US) slipped 2.9 percent to $75.20. DRDGold Ltd. (DROOY US) was unchanged at $4.47. Gold Fields Ltd. (GFI US) declined 0.7 percent to $15.85. Harmony Gold Mining Co. (HMY US) rose 1.8 percent to $10.89. Impala Platinum Holdings (IMPUY US) slid 6.1 percent to $27.65. Sappi Ltd. (SPP US) lost 3.7 percent to $4.97. Sasol Ltd. (SSL US) fell 3.1 percent to $48.34.
To contact the reporter on this story: Renee Bonorchis in Johannesburg at firstname.lastname@example.org