Bloomberg News

Arcelor, Brait, Medi-Clinic: South African Equity Preview

July 27, 2011

July 27 (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 declined 197.11, or 0.6 percent, to 31,863.73 by the 5 p.m. close in Johannesburg.

ArcelorMittal South Africa Ltd. (ACL SJ): Africa’s largest steelmaker releases first-half earnings. Shares in the company fell 1.4 percent to 74.20 rand.

Brait SA (BAT SJ): South Africa’s largest private equity company holds its annual general meeting. The stock rose 0.1 percent to 17.86 rand.

Chrometco Ltd. (CMO SJ): The chrome development company holds a general meeting of shareholders. The shares slumped 8.8 percent to 31 cents.

Medi-Clinic Corp. (MDC SJ): South Africa’s second-largest publicly traded private hospital holds its annual general meeting. Shares of the company rose 0.1 percent to 32.22 rand.

Nampak Ltd. (NPK SJ): The packaging company holds its annual general meeting. The stock declined 0.2 percent to 22.45 rand.

Optimum Coal Holdings Ltd. (OPT SJ): The coal miner holds a general meeting of shareholders. Shares in the company fell 2 percent to 24.50 rand.

--Editors: John Kohut

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

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


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