Bowler Metcalf, Sanlam, Tradehold May Move: South African Equity Preview

South Africa’s FTSE/JSE Africa All Share Index declined for a fourth day, losing 7.05, or less than 0.1 percent, to 31,820.37 at the 5 p.m. close in Johannesburg.

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

Bowler Metcalf Ltd. (BCF SJ): The plastic-packaging maker said first-half earnings for the period through December increased 32 percent to 46.2 cents per share, from 34.9 cents a year earlier. Bowler Metcalf was unchanged at 8.60 rand.

Sanlam Ltd. (SLM) : South Africa’s second-biggest insurer publishes earnings for the year ended December. Sanlam declined 35 cents, or 1.3 percent, to 27.50 rand.

Tradehold Ltd. (TDH) : The retail investment company said it will raise 650 million rand ($94.6 million) in a rights offer at a rate of 299 new shares for every 100 owned. The rights offer price will be 6.26 rand a share. Tradehold was unchanged at 7.50 rand a share.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.