South African Stocks: Clicks, Datatec, Impala, Grindrod, Taste
The FTSE/JSE Africa All Share Index (JALSH) advanced for a third day, climbing 0.4 percent to 33,550.09 by the 5 p.m. close in Johannesburg, reversing an earlier decline.
The following are among the most active equities in the South African market today. Stock symbols follow company names.
Blackstar Group SE (BCK) (BCK SJ), an investment company, rose 5.4 percent to 10 rand, its biggest gain since at least August. Blackstar said it bought 28 percent of Mvelaphanda Group Ltd. a month after abandoning a takeover of the South African investment company that would’ve been more expensive.
Clicks Group Ltd. (CLS) , a retailer of toiletries, music and pharmaceuticals, slid 3.3 percent to 42.20 rand, falling for a third day. Price cuts at its music and pharmaceuticals divisions held back revenue growth in the last weeks of 2011, the company said yesterday.
Datatec Ltd. (DTC) , a Johannesburg-based computer services company, added 3.3 percent to 44.20 rand, the highest level since 2007. The company expects to pay a final capital distribution of $0.09, taking its total capital distribution for the year to $0.16, it said in an interim management statement.
Impala Platinum Holdings Ltd. (IMP) , the world’s second- largest producer of the metal, declined the most in a month, falling 2.5 percent to 171.45 rand. The company said Chief Executive Officer David Brown resigned.
Grindrod Ltd. (GND) , Africa’s largest shipping company, rose the most in two weeks, climbing 2.2 percent to 14.50 rand. Grindrod said it agreed to sell a stake in the Maputo coal terminal concession in Mozambique to energy trader Vitol Group for $67.7 million.
Taste Holdings Ltd. (TAS) , a consumer brand holding company, increased 7.6 percent to 2.12 rand, a record high. The company reported that both its food and jewellery divisions had sales growth.
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