Bloomberg News

South African Stocks: Abil, Amplats, Basil Read, BHP, Foschini

November 04, 2011

Nov. 3 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced 15.32, or less than 0.1 percent, to 32,211.88 by the 5 p.m. close in Johannesburg, reversing an earlier decline of as much as 1.2 percent.

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

African Bank Investments Ltd. (ABL SJ), South Africa’s biggest provider of small loans, fell the most in a month, declining 3.1 percent to 34 rand. The lender said fiscal full- year earnings per share before one-time items probably increased by 23 percent to 25 percent from the 2.35 rand reported a year earlier, missing the 2.99 rand estimate of 10 analysts surveyed by Bloomberg.

Afrimat Ltd. (AFT SJ), a crushed stone and cement supplier, closed at its highest in almost three weeks, adding 1.7 percent to 4.32 rand. Earnings per share were 0.3 percent higher at 32.4 cents in the six months to Aug. 31 compared to the same period a year earlier.

Anglo American Platinum Ltd. (AMS SJ), the world’s biggest producer of the metal, gained for a second day, advancing 2.3 percent to 575.95 rand. Platinum rose the most in a week, climbing as much as 2.5 percent to $1,644.38 an ounce.

ArcelorMittal South Africa Ltd. (ACL SJ), Africa’s largest steelmaker, slipped 1.1 percent to 66.96 rand, taking its retreat this week to 2.3 percent. The company posted a loss per share of 115 cents for the three months to September compared with a profit of 117 cents in the previous quarter.

Basil Read Holdings Ltd. (BSR SJ), a construction company, increased for the first time in nine days, adding 3.2 percent to 14.24 rand. The company said it was awarded a 2.7 billion-rand ($342 million) contract to build an airport on St. Helena island.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, fell 0.7 percent to 249.24 rand, paring yesterday’s 1.8 percent gain. Copper declined in New York for a third day this week on revived concern Europe’s debt crisis may curb metals demand after France and Germany led a cutoff of financial assistance to Greece.

Business Connexion Group (BCX SJ), an information and communications technology company, closed at its lowest in a week, dropping 1 percent to 5.20 rand. Diluted earnings per share for the 12 months to Aug. 31 probably declined to as low as 26 cents, the company said in a regulatory filing.

Cadiz Holdings Ltd. (CDZ SJ), owner of a stock broker and money manager, rose for the first time in three days, advancing 2 percent to 2.55 rand. Basic earnings per share for the six months to Sept. 30 will be from 0.8 cent and 1 cent, the company said in a trading statement.

The Foschini Group Ltd. (TFG SJ), a clothing retailer, closed at its highest since at least August 1990, advancing 1.5 percent to 102.50 rand. Earnings per share rose 26 percent to 341.6 cents in the six months to Sept. 30, the group said in a regulatory filing.

--Editors: Ana Monteiro, Peter Branton

To contact the reporters 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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