Buildmax, Datatec, Exxaro, MMI, RMBH: South African Equity Market 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 rose for the first day in three, gaining 176.96, or 0.6 percent, to 30,032.71 by the 5 p.m. close in Johannesburg.
Buildmax Ltd. (BDM) : The construction equipment retailer said its loss per share for the six months through August would improve to between 0.3 cents and 0.5 cents per share from the reported loss per share of 31.6 cents the year earlier. The stock closed unchanged at 10 cents.
Datatec Ltd. (DTC) : The Johannesburg-based computer services company holds its annual general meeting. Shares in the company rose 1.9 percent to 38.30 rand.
Exxaro Resources Ltd. (EXX) : The coal miner and the National Union of Mineworkers meet at the Council for Conciliation, Mediation and Arbitration over a pay dispute. The stock gained 3.8 percent to 195 rand.
Grand Parade Investments Ltd. (GPL) : The casino operator holds a special general meeting on its proposed restructuring. Shares advanced 0.3 percent to 3.09 rand.
MMI Holdings Ltd. (MMI) : The South African insurance company created last year from the merger of Metropolitan Group Ltd. and Momentum Group Ltd. releases earnings for the year to June 30. Shares in the company added 1.5 percent to 16.77 rand.
Pinnacle Technology Holdings Ltd. (PNC) : The computer and networking group said earnings per share for the year to June 30 rose as much as 60 percent over the 76.7 cents reported a year earlier. The stock closed unchanged at 8.50 rand.
RMB Holdings Ltd. (RMH) : The investment company releases results for the year to June 30. Basic earnings per share for the 12 months to June 30 will rise to between 870 South African cents and 930 cents, the company said in a trading statement on Sept. 9. The stock gained 2 percent to 25.85 rand.
Sasfin Holdings Ltd. (SFN) : The financial services company may release results for the year to June 20. Shares in the company closed unchanged at 32 rand.
Ububele Holdings Ltd. (UBU) : The food-processing company reports results for the year to June 30. Basic earnings per share from all operations will be between 1.2 cents and 1.4 cents per share, or between 72 percent to 82 percent lower than the previous year, the company said in a trading statement on Sept. 8. The stock rose 7.1 percent to 30 cents.
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