South African Stock Movers: Cashbuild, Imperial, Assore, Lonmin

FTSE/JSE Africa All-Share Index falls 0.1% by 1:15 p.m. in Johannesburg with 78 advancers, 68 decliners and 15 unchanged.

ADVANCERS
* Cashbuild Ltd. (CSB SJ) +1.1%; heads for highest close since
Sept. 13; profit up 82% to 293 million rand ($36 million) in 53
weeks through June.
* Imperial Holding Ltd. (IPL SJ) +2.5%; snaps three days of
losses. Company acquired healthcare companies including RTT
Medical, RTT Trans Africa, RTT Consumer Health and RTT
Essentials for 500 million rand.

DECLINERS
* Assore (ASR SJ) -1.9%; first decline in six days; Australia,
the world’s biggest iron-ore exporter, reduced its price
forecasts for this year and next on concern that a slowing
economy in China, the largest buyer, will curb demand growth
* Lonmin (LON SJ) -3.1%; snapping three days of gains; company’s
pay offer and striking workers’ reduced demands remain “far
apart,” government mediator Afzul Soobedaar said
* Pick n Pay Stores (PIK SJ) -2.2%; the grocer said it’s not in
talks to sell a stake to Royal Ahold after reports that the
Dutch company had abandoned negotiations due to price

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at sikonathim@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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