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Liberty Holdings, UCS Group, Winhold May Move: South Africa Stock Preview

The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.

The FTSE/JSE Africa All Share Index of stocks fell 369.52, or 1.2 percent, to 31,681.83 in Johannesburg.

Liberty Holdings Ltd. (LBH) : The South African life insurer owned by Africa’s largest bank said indexed new business declined to 1.06 billion rand ($154 million) in the three months through March 31 compared with 1.09 billion rand a year earlier. Liberty dropped 60 cents, or 0.8 percent, to 70.60 rand.

UCS Group Ltd. (UCS) : The information technology company, which is selling some of its units to Business Connexion Group (BCX SJ), said a third party has expressed interest in purchasing one of the units. UCS and Business Connexion advised shareholders in a stock exchange statement to exercise caution in trading their shares. UCS shares dropped 5 cents, or 2.5 percent, to 1.98 rand. Business Connexion slipped 7 cents, or 1.5 percent, to 4.70 rand.

Winhold Ltd. (WNH) : The investment holding company said earnings per share rose 15.8 percent in the six months ended March 31 compared with the year-earlier period. Winhold declined 5 cents, or 2.9 percent, to 1.65 rand.

The following shares begin trading without the right to their latest dividend:

Afgri Ltd. (AFR) , Brait SA (BAT) , Consolidated Infrastructure Group Ltd. (CIL) , Octodec Investments Ltd. (OCT) , Premium Properties Ltd. (PMM) , and UCS Group Ltd. (UCS SJ).

To contact the reporter on this story: Robert Brand in Cape Town Nef at rbrand9@bloomberg.net

To contact the editor responsible for this story: Stephen Kirkland at skirkland@bloomberg.net

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