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 Stocks: Anglo, BHP, Investec, Pick n Pay, Ububele

Sept. 9 (Bloomberg) -- The FTSE/JSE Africa All Share Index snapped two days of gains, retreating 477.13, or 1.5 percent, to 30,440.87 by the 5 p.m. close in Johannesburg and paring its advance this week to 0.3 percent.

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

BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, snapped two days of increases, losing 5.72 rand, or 2.4 percent, to 228.76 rand. Industrial metals slumped in London amid concern that a slowdown in global economic growth will damp demand.

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark stock index, lost 5.28 rand, or 1.8 percent, to 281.50 rand.

Investec Plc (INP SJ), a private bank and wealth manager, fell the first day in three, losing 74 cents, or 1.5 percent, to 48.66 rand. Investec agreed to buy Evolution Group Plc in a transaction valuing the British stockbroker at 233.2 million pounds ($371.8 million).

Pick n Pay Stores Ltd. (PIK SJ), South Africa’s second-biggest food retailer, retreated for a second day, falling 33 cents, or 0.9 percent, to 38.50 rand. The company is “deeply disappointed” by the Australian anti-trust authority’s decision to appeal Pick n Pay’s sale of the Franklins supermarkets business to Metcash, Chairman Gareth Ackerman said in a statement today.

Ububele Holdings Ltd. (UBU SJ), a food-processing company, dropped to its lowest level since at least May 1999, slumping 13 cents, or 31.7 percent, to 28 cents. Ububele said earnings per share excluding extraordinary items will be from 1.2 cents to 1.4 cents in the year through June, or as much as 89 percent lower than a year earlier, according to a trading update published yesterday.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@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.