South African Equity Market Preview: AECI, Buildmax, Chrometco, Massmart
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 rose 5.5, or less than 0.1 percent, to 32,389.91.
AECI Ltd. (AFE) : Africa’s largest explosives maker holds its annual general meeting at 9 a.m. The stock rose 55 cents, or 0.6 percent, to 86.55 rand.
African Brick Centre Ltd. (ABK) : The clay-brick maker releases earnings for the year through February. The shares were unchanged at 3 cents.
Buildmax Ltd. (BDM) : The construction equipment retailer releases earnings for the year through February. The stock surged 1 cent, or 7.7 percent, to 14 cents.
Chrometco Ltd. (CMO) : The chrome development company releases earnings for the year through February. The shares retreated 3 cents, or 10 percent, to 26 cents.
Crookes Brothers Ltd. (CKS) : The sugar producer releases earnings for the 12 months through March. The stock was unchanged at 38 rand.
Massmart Holdings Ltd. (MSM) : The Competition Tribunal issues its decision on Wal-Mart Stores Inc.’s planned acquisition of a 51 percent stake in the South African retailer at 2 p.m. The shares slipped 35 cents, or 0.3 percent, to 140.10 rand.
PSV Holdings Ltd. (PSV) : The technology company releases results for the year through February. The stock rallied 2 cents, or 15 percent, to 15 cents.
Total Client Services Ltd. (TCS) : The technology and software provider releases earnings for the year through February. The stock was unchanged at 3 cents.
Quantum Property Group Ltd. (QPG) : The real estate developer releases earnings for the six months through February. The stock was unchanged at 33 cents.
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