Liberty Holdings, UCS Group, Winhold May Move: South Africa Stock Preview
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 of stocks fell 369.52, or 1.2 percent, to 31,681.83 in Johannesburg.
Liberty Holdings Ltd. (LBH) : The South African life insurer owned by Africa’s largest bank said indexed new business declined to 1.06 billion rand ($154 million) in the three months through March 31 compared with 1.09 billion rand a year earlier. Liberty dropped 60 cents, or 0.8 percent, to 70.60 rand.
UCS Group Ltd. (UCS) : The information technology company, which is selling some of its units to Business Connexion Group (BCX SJ), said a third party has expressed interest in purchasing one of the units. UCS and Business Connexion advised shareholders in a stock exchange statement to exercise caution in trading their shares. UCS shares dropped 5 cents, or 2.5 percent, to 1.98 rand. Business Connexion slipped 7 cents, or 1.5 percent, to 4.70 rand.
Winhold Ltd. (WNH) : The investment holding company said earnings per share rose 15.8 percent in the six months ended March 31 compared with the year-earlier period. Winhold declined 5 cents, or 2.9 percent, to 1.65 rand.
The following shares begin trading without the right to their latest dividend:
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