South Africa Stocks: Anglo American, Group Five, PPC Shares Move
The FTSE/JSE Africa All Share Index (JALSH) declined for the first time in three days, dropping 0.2 percent to 34,225.42 by the close in Johannesburg. The index has gained 1.3 percent this week.
The following were among the most active equities in the market today. Stock symbols follow company names.
AECI Ltd. (AFE) , Africa’s largest explosives maker, declined the most in more than seven months in Johannesburg trading after saying profit fell as much as 62 percent in the first half through June. The stock retreated 2.9 percent to 83.50 rand.
Anglo American Plc (AGL) , the metals producer with mines from Chile to Zimbabwe, rose to the highest in almost two weeks after executive changes at its largest units and as coal output beat estimates. The stock advanced 0.7 percent to 263 rand.
Group Five Ltd. (GRF) , a construction company, fell to the lowest in seven months, dropping 2.5 percent to 22.61 rand. The company will report a loss per share of 270 cents to 300 cents, from a 227 cent loss a year earlier, it said in a statement today.
Pretoria Portland Cement Co. (PPC) , South Africa’s biggest cement maker, declined for a third day, sliding 2 percent to 24.50 rand. The company’s bid to buy CINAT, the state-owned Democratic Republic of Congo producer, was declined, it said in a statement today.
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