Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

South African Equities: BHP Billiton, Adcock Ingram, Naspers

Oct. 8 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index rose for a fourth day this week, adding 123.88, or 0.4 percent, to 29,647.99 at its 5 p.m. close in Johannesburg, taking its gain in the past five days to 1.3 percent.

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

Adcock Ingram Holdings Ltd. (AIP SJ), South Africa’s largest over-the-counter drugmaker, climbed 58 cents, or 0.9 percent, to 63.20 rand, erasing yesterday’s drop. Baxter Healthcare SA will no longer seek to buy a 51 percent stake in Adcock Ingram Critical Care, Adcock said.

BHP Billiton Plc (BIL SJ) advanced for a fourth day, rising 3.20 rand, or 1.4 percent, to 236.10 rand. The world’s largest mining company may boost its production of copper by 65 percent by 2020, according to a report by Deutsche Bank AG after analysts visited company mines.

Brait SA (BAT SJ), the Luxembourg-based investment and merchant bank, advanced for the fifth day in six, jumping 70 cents, or 3.2 percent, to 22.81 rand, the highest since July 30. The company said first-half earnings per share will rise as much as 50 percent.

Buildmax Ltd. (BDM SJ), which sells construction equipment, gained 1 cent, or 2.9 percent, to 36 cents, its highest close since June 1. The company said it will offer 2.4 billion new shares to existing shareholders at 12.5 cents each. Investors will be offered the shares at a ratio of 2.31 new securities for every one held.

IFCA Technologies Ltd. (IFC SJ), a software company, lost 1 cent, or 12.5 percent, to 7 cents, its biggest drop since May 27. IFCA reported a loss of 1.2 million rand ($175,000) in the first half through June.

Naspers Ltd. (NPN SJ), Africa’s largest media company, dropped for a third day, losing 2.45 rand, or 0.7 percent, to 331.50 rand. Tencent Holdings Ltd., Asia’s biggest internet company, had its recommendation lowered to “underperform” from “neutral” at Macquarie Group Ltd. Naspers has a 35 percent holding in Tencent.

Purple Capital Ltd. (PPE SJ), the company with investments in finance and asset-management firms, fell 2 cents, or 8.3 percent, to 22 cents, its biggest drop in a month. The company said its loss per share for the year through August narrowed to 3 cents compared with 13.8 cents a year earlier.

Sea Kay Holdings Ltd. (SKY SJ), the builder of low-cost homes, surged 2 cents, or 22 percent, to 11 cents, taking its two-day advance to 57 percent. The company said it was in talks that may affect its share price.

To contact the reporters on this story: Nicky Smith in Johannesburg at nsmith38@bloomberg.net Franz Wild in Johannesburg at fwild@bloomberg.net

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.