Oct. 1 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index fell for the first time this week, losing 189.31, or 0.6 percent, to 29,266.73 at the 5 p.m. close in Johannesburg, trimming its weekly advance to 2 percent. The following were among the most active stocks in the South African market today.
Brikor Ltd. (BIK SJ) gained the most in more than a week, up a cent, or 7.7 percent, to 14 cents. The brick and paving manufacturer agreed to buy 31 percent of Ilangabi Investments 12 (Pty) Ltd., a company holding prospecting and mining rights to which Brikor has access.
Coal of Africa Ltd. (CZA SJ) fell for the fourth time this week, retreating 98 cents, or 10 percent, to 8.57 rand, its biggest fall since August 11. The mining company said it posted a consolidated operating loss of $101.4 million for the 12 months through June.
Firestone Energy Ltd. (FSE SJ) rose 5 cents, or 20 percent, to 30 cents, its biggest gain in since August 27. The Australian-based mining company said it’s in talks that, if successfully concluded, may have “a material effect” on the price of the company’s shares. Firestone said it has requested a trading halt on its shares until the market opens on Oct. 5 pending the release of details on a “potential transaction.”
Foschini Group Ltd. (TFG SJ) lost 3.61 rand, or 4.4 percent, to 79.38 rand, its first decline this week and biggest since August 17. South Africa’s third-largest clothing retailer was downgraded to “sell” from “hold” at Investec by equity analyst Kirsty Laschinger.
IFA Hotels & Resorts Ltd. (IFH SJ) gained 10 cents, or 11 percent, to 1 rand, its biggest rally since Sept. 15. The company said it was “confident” that it will reach performance targets after reporting full-year basic earnings per share of 31.24 cents.
Metorex Ltd. (MTX SJ) had its biggest gain since Sept. 20, up 13 cents, or 3.2 percent, to 4.18 rand. The company said copper production for the three months through September climbed 13 percent to 13,959 metric tons.
Rare Holdings Ltd. (RAR SJ) slipped 2 cent, or 5.4 percent, to 35 cents, its third drop in four days. The maker of pipes and valves reported a full-year loss of 58.1 million rand ($8.3 million), compared with a profit of 26.7 million rand a year earlier.
To contact the editor responsible for this story: Peter Hirschberg in Jerusalem at firstname.lastname@example.org.