Bloomberg News

South African Stocks: Aquarius, Assore, AVI, Impala, M&R, RBPlat

February 01, 2012

Jan. 31 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for the first time in three days, rising 0.5 percent to 33,792.48 by the close in Johannesburg. The index gained 5.7 percent this month, its best January since 2006.

The following are among the most active equities in the South African market today. Stock symbols follow company names.

Aquarius Platinum Ltd. (AQP SJ), the fourth-biggest platinum miner, fell the most in 10 months, sliding 8.4 percent to 20.06 rand. The company reported a 17 percent retreat in platinum group metals output to 105,629 ounces for the quarter ended Dec. 31 from a year earlier.

Assore Ltd. (ASR SJ), a mining holding company, gained for the first time in three days, climbing 3.2 percent to 228 rand. Earnings per share rose to as much as 20.50 rand a share in the first fiscal half from 11.64 rand a year earlier, Assore said in a trading statement today.

AVI Ltd. (AVI SJ), South Africa’s second-largest consumer- goods company by market value, closed at its highest since August 1990, when Bloomberg first compiled data on the stock, rising 3.8 percent to 41.50 rand. Per-share earnings from continuing operations increased 36 percent to 195.1 cents in the six months through December, the company said in a trading statement today.

Impala Platinum Holdings Ltd. (IMP SJ), the second-largest producer, fell for a third day, dropping 1.5 percent to 171.69 rand. Zimplats Holdings Ltd., the company’s unit in Zimbabwe, said operating profit fell 74 percent in the quarter through Dec. 31 as metal prices declined and costs increased.

Murray & Roberts Holdings Ltd. (MUR SJ), South Africa’s second-biggest construction company, fell the most in more than a month, sliding 4.3 percent to 26.80 rand. The group plans to sell 2 billion rand ($257 million) of stock to existing investors to cut debt and fund its order book and expansion.

Royal Bafokeng Platinum Ltd. (RBP SJ), a producer of the metal, declined for a second day, slipping 2.3 percent to 59.40 rand. RBPlat, as the company is known, said annual headline earnings per share fell to between 153 cents and 172 cents from 191 cents a year earlier.

--Editors: Linda Shen, Peter Branton

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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