Bloomberg News

South African Stocks: Anglo, Basil Read, Investec, First Uranium

September 12, 2011

Sept. 12 (Bloomberg) -- The FTSE/JSE Africa All Share Index declined the most in a week, falling 585.12, or 1.9 percent, to 29,855.75 by the 5 p.m. close in Johannesburg.

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

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark stock index, dropped for a second day, sliding 7.14 rand, or 2.5 percent, to 274.36 rand. Copper fell to a one-month low in New York on concern Europe’s sovereign-debt crisis may worsen and on a report that some buyers asked to cancel orders with Codelco, the world’s top producer.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, dropped 5.20 rand, or 2.3 percent, to 223.56 rand.

Basil Read Holdings Ltd. (BSR SJ), a construction company, surged the most since May 2009, gaining 80 cents, or 6.7 percent, to 12.70 rand. The company, together with Group Five Ltd. (GRF SJ), is part of the Protea Parkways Consortium that has been selected as the preferred bidder for a 10 billion-rand ($1.4 billion) toll-road project in the Western Cape province.

Group Five added 10 cents, or 0.4 percent, to 25.60 rand.

Datacentrix Holdings Ltd. (DCT SJ), a computer-services company, fell the most in five weeks, sliding 8 cents, or 1.9 percent, to 4.22 rand. The company withdrew a cautionary notice after talks on selling a stake to black investors ended.

EOH Holdings Ltd. (EOH SJ), a South African information technology company, gained for a second day, adding 25 cents, or 1.1 percent, to 22.95 rand. Earnings per share rose 35 percent in the year through July to 197.9 cents.

Investec Plc (INP SJ), a bank and money manager, fell the most in more than three weeks, sliding 1.31 rand, or 2.7 percent, to 47.35 rand. The bank’s takeover of Evolution Group Plc may result in job losses at both companies, The Sunday Times reported, citing Investec Chief Executive Officer Stephen Koseff and unidentified Evolution officials.

SABMiller Plc (SAB SJ), the world’s second-largest brewer by volume, slipped for a second day, retreating 2.98 rand, or 1.2 percent, to 251.66 rand. Foster’s Group Ltd., Australia’s biggest brewer, affirmed its opposition to SABMiller Plc’s hostile takeover bid after the cash offer was cut to A$9.25 billion ($9.53 billion) on dividends paid.

Sasol Ltd. (SOL SJ), the world’s largest producer of motor fuel from coal, fell for a second day, declining 1.50 rand, or 0.5 percent, to 322.50 rand. Earnings per share of 32.85 rand in the year ended June 30 fell short of the 33.65 rand average estimate of seven analysts surveyed by Bloomberg.

Uranium One Inc. (UUU SJ), a Vancouver-based producer of the nuclear fuel, closed at its lowest in almost three months, falling 1.04 rand, or 5.9 percent, to 16.67 rand. An explosion at an Electricite de France SA nuclear-waste processing site in southern France killed one person and injured four.

--Editors: Linda Shen, Ana Monteiro

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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