South African Equities Decline; Anglo American, AECI and Mondi Are Active
South Africa’s FTSE/JSE Africa All Share Index snapped four days of gains, losing 102.29, or 0.3 percent, to 32,800.23 at the 5 p.m. close in Johannesburg.
AECI Ltd. (AFE SJ), Africa’s largest explosives maker, advanced for a third day, its longest rising streak since December, gaining 1.03 rand, or 1.3 percent, to 82.93 rand. AECI said full-year earnings per share excluding one-time items rose between 50 percent and 70 percent, beating an earlier forecast for an increase of at least 40 percent.
Anglo American Plc (AGL SJ), the world’s fifth-biggest base-metals producer by market value, climbed for a sixth day, adding 5.75 rand, or 1.5 percent, to 393 rand, the highest since August 2008. The company will report underlying earnings of $425 million for Anglo Platinum Ltd., of which Anglo American owns about 79 percent.
Mondi Ltd. (MND SJ), Europe’s largest maker of office paper, rallied to the highest since May 2008, adding 97 cents, or 1.6 percent, to 60.97 rand. The company’s unit in Poland plans to buy Saturn Management Sp. z o.o. for 28.8 million euros ($39 million).
To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org