South African Stocks: Old Mutual, Impala, Astrapak, Mr Price

South Africa’s FTSE/JSE Africa All Share Index rose for the first day in three, increasing 402.61, or 1.5 percent, to close at 26,873.08 in Johannesburg.

The following were among the most active stocks in the South African market today.

African Oxygen Ltd. (AFX SJ), the largest producer of industrial gases in South Africa, fell 49 cents, or 2.1 percent, to 22.51 rand, its biggest drop since July 1. The company said net income for the six months through June declined to 118 million rand ($16 million) from 120 million rand a year earlier.

Astrapak Ltd. (APK SJ), South Africa’s largest plastic-packaging company, retreated 25 cents, or 2.8 percent, to 8.75 rand, extending yesterday’s 5 percent decline. Astrapak said earnings per share excluding one-time items for the six months through August are expected to fall by between 40 percent and 50 percent from a year earlier.

Impala Platinum Holdings Ltd. (IMP SJ), the world’s second-largest producer of the metal, rose 6.50 rand, or 3.8 percent, to 177.00 rand, snapping two days of losses, after fiscal full-year profit fell less than analysts estimated. Earnings excluding one-time items in the 12 months to June 30 dropped 22 percent to 7.86 rand a share compared with the median forecast of 7.59 rand among 11 analyst estimates compiled by Bloomberg.

Old Mutual Plc (OML SJ), Africa’s biggest insurer, rose 15 cents, or 1.1 percent, to 14.15 rand. The company said it aims to raise 5 billion rand ($684 million) by selling shares in its Triangle Core Real Estate Fund, making it the second-biggest offering in South Africa in at least five years

Mr Price Group Ltd. (MPC SJ), a clothing retailer, rose 94 cents, or 2 percent, to 46.95 rand. The company said sales in the 18 weeks to July 31 rose 11.9 percent.

Woolworths Holdings Ltd. (WHL SJ), a food and clothing retailer, rose 27 cents, or 1.2 percent, to 23.71 rand. Net income in the 12 months through June increased 1 percent to 1.25 billion rand and the company said economic conditions in South Africa will improve at a slower pace than in the past.

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