South African Shares: Aquarius, Avusa, First Uranium, Sentula
The FTSE/JSE Africa All Share Index (JALSH) declined for the first time in three days, dropping 0.6 percent to 33,826.01 by the close in Johannesburg.
The following were among the most active equities in the market today. Stock symbols follow company names.
Aquarius Platinum Ltd. (AQP) , the fourth-biggest miner of the metal, fell for a fourth day, dropping 0.6 percent to 8 rand. The stock was downgraded to sector perform, the equivalent of hold, from outperform at RBC Capital Markets.
Avusa Ltd. (AVU) headed for its highest close in more than seven months as it approached the 24 rand Mvelaphanda Group Ltd. had offered shareholders to buy the stock it doesn’t already own in the media group. Shares in the publisher of South Africa’s biggest Sunday newspaper jumped 2.3 percent to 23.01 rand.
First Uranium Corp. (FUM) , advanced for a fifth time in six days, climbing 2.2 percent to 1.90 rand. Holders of its equity and debt approved the sale of assets to AngloGold Ashanti Ltd. and Gold One International Ltd.
Sentula Mining Ltd. (SNU) , a mining-services company, advanced for the first time in four days, gaining 2.7 percent to 1.90 rand. Earnings per share adjusted for one-time items rose 35 percent to 21.7 cents in the year through March, the company said in a statement today.
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