Bloomberg News

Anglo, Amalgamated Appliances: South African Equity Preview

September 26, 2011

Sept. 26 (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 for a third day, dropping 261.83, or 0.9 percent, to 30,061.21 at the 5 p.m. close in Johannesburg, extending the week’s loss to 3.2 percent.

Anglo American Plc (AGL SJ): Operations at the mining company’s Los Bronces mine in central Chile returned to normal after a power outage that blacked out the country’s central regions on Sept. 24 affected a crusher, Anglo American spokesman Marcelo Esquivel wrote in an e-mail. The stock closed 1.1 percent higher at 285.72 rand.

Amalgamated Appliance Holdings Ltd. (AMA SJ): The distributor of brands including Hoover and Pioneer releases results for the year through June. Earnings per share from continuing operations will be as much as 27 percent higher, the company said in a trading statement on July 13. Shares in the company declined 0.6 percent to 1.71 rand.

The following stocks will begin trading without the right to the latest dividend: AVI Ltd. (AVI SJ), Clover Industries Ltd. (CLR SJ), Group Five Ltd. (GRF SJ), Kap International Holdings Ltd. (KAP SJ), Mustek Ltd. (MST SJ).

--Editor: Anthony Aarons

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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