By Renee Bonorchis and Janice Kew
Sept. 28 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
South Africa’s FTSE/JSE Africa All Share Index dropped 418.10, or 1.7 percent, to 24,944.83 in Johannesburg. The index fell 3.3 percent last week.
Anglo American Plc (AGL SJ): The owner of stakes in the world’s biggest diamond and platinum producers is seeing signs of recovery in demand for metals, Chief Executive Officer Cynthia Carroll said. Anglo American lost 7.68 rand, or 3.1 percent, to 243.38 rand.
AngloGold Ashanti Ltd. (ANG SJ): Gold fell for a fourth day in Asia, extending its biggest weekly drop since July, as the dollar rebounded. Gold for immediate delivery slipped as much as 0.4 percent to $986.59 an ounce in Singapore trading. AngloGold, Africa’s biggest producer of the metal, dropped 12.96 rand, or 4.3 percent, to 292 rand.
Coal of Africa Ltd. (CZA SJ): The coal explorer said it hasn’t received any takeover approaches from a “third party.” Coal of Africa in May said shareholder ArcelorMittal South Africa Ltd., a unit of the world’s largest steelmaker, may make a takeover offer. The stock added 82 cents, or 5.9 percent, to 14.74 rand.
Jubilee Platinum Plc (JBL SJ): The mineral exploration company said the loss per share excluding one-time items in its fiscal year that ended June 30 will improve to 0.13 pence from 3.37 pence a year earlier. Jubilee fell 7 cents, or 1.6 percent, to 42.30 rand.
MTN Group Ltd. (MTN SJ): The merger of Africa’s largest mobile phone operator with India’s Bharti Airtel Ltd. may be welcomed by the Indian government, India’s Corporate Affairs Minister Salman Khurshid told reporters in New Delhi. MTN fell 10 cents, or 0.1 percent, to 126 rand.
SABMiller Plc (SAB SJ): ING Groep NV raised its price estimate on the world’s second-largest brewer to 1,520 pence (179.71 rand), from 1,328 pence. SABMiller fell 3.36 rand, or 1.9 percent, to 177.80 rand.
Sasol Ltd. (SOL SJ): Crude oil slipped below $66 a barrel in New York as declines in Asian equities raised concern a recovery in fuel demand may stall. Sasol, the world’s biggest maker of motor fuel from coal, fell 7.55 rand, or 2.6 percent, to 284.95 rand.
Standard Bank Group Ltd. (SBK SJ): Africa’s largest lender said it’s completed its acquisition of 33 percent of Troika Dialog. Standard Bank rose 1.10 rand, or 1.1 percent, to 99 rand.
Super Group Ltd. (SPG SJ): The transport and logistics company ended takeover talks with a “strategic investor” and will proceed with its original plan to sell stock to existing investors. Super Group fell 9 cents, or 8.3 percent, to 1 rand.
The following stocks will begin trading without the right to the latest dividends:
AVI Ltd. (AVI SJ); AECI Ltd. (AFE SJ); Digicore Holdings Ltd. (DGC SJ); Group Five Ltd. (GRF SJ); Liberty International Plc, (LBT SJ); Mustek Ltd. (MST SJ); Sentula Mining Ltd. (SNU SJ); Spur Corp Ltd. (SUR SJ).
Shares or American depositary receipts of the following South African companies closed as follows:
Anglo American Plc (AAUKY US) was little changed at $16.35. AngloGold Ashanti Ltd. (AU US) slid 1 percent to $39.27. BHP Billiton Ltd. (BBL US) rose 0.6 percent to $54. DRDGold Ltd. (DROOY US) declined 5.3 percent to $6.96. Gold Fields Ltd. (GFI US) rose 0.6 percent to $13.39. Harmony Gold Mining Co. (HMY US) fell 0.9 percent to $10.51. Impala Platinum Holdings Co. (IMPUY US) declined 0.2 percent to $24. Sappi Ltd. (SPP US) advanced 1.1 percent to $3.76. Sasol Ltd. (SSL US) dropped 0.9 percent to $38.09. Telkom South Africa Ltd. (TLKGY US) fell 2.2 percent to $23.58.
To contact the reporters on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net; Janice Kew in Johannesburg at jkew1@bloomberg.net.
Last Updated: September 28, 2009 02:57 EDT
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