South African Stocks: Anglo, Esorfranki, FirstRand Move

The FTSE/JSE Africa All Share Index (JALSH) closed at its highest in more than three weeks, adding 0.2 percent to 34,296.00.

The following were among the most active equities in the South African market today. Stock symbols follow company names.

Curro Holdings Ltd. (TKG) , which owns and operates private schools in South Africa, advanced the most in more than three months after a technical indicator suggested the stock’s double-digit slide this year is overdone. The shares rose 9.5 percent to 10.99 rand, the largest one-day gain since Nov. 24.

Foneworx Holdings Ltd. (FWX) , a provider of data services to the security and consumer-goods market, jumped to its highest in two months, gaining 10 percent to 99 cents. Earnings per share increased 8.4 percent in the six months through December, the company said in a regulatory filing today.

Impala Platinum Holdings Ltd. (IMP) , the world’s second-largest producer of the metal, added 1.95 percent to 167.10 rand, a second day of advances. The company expects “a significant number” of workers fired after an illegal strike at the world’s biggest mine of the metal to return to work by today’s deadline for them to be reinstated, it said in an e-mailed response to questions today.

Murray & Roberts Holdings Ltd. (MUR) , a South African construction company, rose to the highest in almost seven months after saying its first-half net loss narrowed to 528 million rand ($71 million), from 636 million rand. The shares climbed 2.5 percent to 29 rand.

Nedbank Group Ltd. (NED) , the South African lender controlled by Old Mutual Plc, advanced for a second day, gaining 0.7 percent to 160.61 rand. The company’s full-year profit climbed 26 percent, beating estimates.

Telkom South Africa Ltd. (TKG SJ), Africa’s biggest fixed-line phone company, headed for its lowest close in more than eight years, sliding 2 percent to 25.84 rand. South Korea’s KT Corp. may cut the price of an offer to buy a stake in Telkom South Africa Ltd. or even abandon the 3.8 billion rand ($505 million) transaction, Absa Asset Management and MMI Asset Management said.

To contact the reporters on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net; Robert Brand in Cape Town at rbrand9@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

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.