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Bell, Pioneer Foods, Old Mutual: South African Equity Preview

Aug. 5 (Bloomberg) -- The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.

The FTSE/JSE Africa All Share Index fell 918.82, or 3 percent to 29,601.61 by the 5 p.m. close in Johannesburg, taking its loss since reaching this year’s highest close of 33,094.06 on Feb. 14 to 11 percent, entering a so-called correction.

Bell Equipment Ltd. (BEL SJ): The handling machinery manufacturer said in a trading statement that earnings per share for the six months to June 30 would be about 109 cents, from 9 cents in the same period a year earlier. The stock fell 2.1 percent to 13.70 rand.

Pioneer Foods Ltd. (PFG SJ): The food producer issued a cautionary announcement saying it had entered talks that could affect the value of its shares. The stock slipped 0.8 percent to 63 rand.

Old Mutual Plc (OML SJ): The U.K.’s third-biggest insurer reports first-half results. Shares in the company retreated 2.6 percent to 12.99 rand.

To contact the reporter on this story: Stephen Gunnion in Johannesburg on at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin on at gserkin@bloomberg.net

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