South African Stocks: Grindrod, Imperial, Litha, Standard Bank
FTSE/JSE Africa All-Share Index falls for 2nd day, sliding 0.7% by 2:43pm in Johannesburg, with 98 decliners, 48 advancers and 19 unchanged.
ADVANCERS * DigiCore (DGC SJ) +4.4%; heads for biggest increase in 6 wks * Grindrod (GND SJ) +1.8%; 4th day of gains; EPS ex 1-time items up 22% to 1.22 rand in yr through Dec. * Litha Healthcare (LHG SJ) +5.7%; most in almost 10 mths on intraday basis; co. considers buying shares back, going private
DECLINERS * Anglo American (AGL SJ) -1.1%; copper pares earlier gain, aluminum and zinc fall * ArcelorMittal South Africa (ACL SJ) -5.9%; heads for lowest in almost 3 mths * Imperial Holdings (IPL SJ) -1.3%; co. says FY growth will be subdued * Intu Properties (ITU SJ) -1.3%; co. agrees to buy Midsummer Place shopping mall for GBP250.5m, sells shares * Standard Bank (SBK SJ) -1%; heads for lowest close in more than 2 mths; co. scaling back ops in Brazil as it dismantles strategy to expand in emerging markets
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