South African Shares: Clicks, Coal of Africa, ELB Group, Jubilee
The FTSE/JSE Africa All Share Index (JALSH) rose to its highest closing level in more than a month, gaining 0.3 percent to 33,969.06 by the close in Johannesburg.
The following were among the most active equities in the market today. Stock symbols follow company names.
Clicks Group Ltd. (CLS) , a South African retailer, fell for the first time in six days, dropping 0.6 percent to 51 rand. Michael Harvey, an executive director of the group and managing director of its Clicks division, resigned.
Coal of Africa Ltd. (CZA SJ), a coal miner, headed for its biggest gain in more than two weeks, jumping 4.7 percent to 4.87 rand. The estimated coal resource at the Greater Soutpansberg asset in South Africa’s Limpopo province increased more than fivefold, the company said in a statement.
ELB Group Ltd. (ELR) , an investment trust, advanced to the highest in three weeks, climbing 3.6 percent to 21.50 rand. The company’s engineering unit entered into an agreement with Sasol Mining Pty Ltd., a unit of Sasol Ltd., to build a colliery material handling system worth about 870 million rand ($104 million).
Jubilee Platinum Plc (JBL) , a miner of the metal, rose to the highest in almost two weeks, climbing 3.5 percent to 1.50 rand. The company was awarded the rights to recover platinum- group elements from chromite tailings on the Dilokeng mine in South Africa’s Mpumalanga Province, it said in a statement today.
Wescoal Holdings Ltd. (WSL) jumped to the highest closing price in more than two weeks, rising 3.3 percent to 62 cents. Earnings per share for the year through March rose to 11.5 cents to 13 cents, compared with a 29.11 cent loss a year earlier, the coal miner said today.
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