Bloomberg News

South African Stocks: Allied Technology, Harmony, PSG, Sekunjalo

April 13, 2012

The FTSE/JSE Africa All Share Index (JALSH) snapped two days of gains, falling 0.3 percent to 33,705.03 at the close in Johannesburg.

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

Allied Technologies Ltd. (ALT SJ), the South African maker of pay-TV set-top boxes, weakened the most in more than a week, declining 0.9 percent to 53 rand. The company said full-year profit fell 24 percent to 30 percent from a year earlier.

Allied Electronics Corp. (ATN) , an investment company with interests in communications equipment and power cables, retreated to the lowest level since April 4, losing 1.5 percent to 24.51 rand. Basic earnings per share for the year through February are expected to be as much as 75 percent lower from a year earlier, the company said in a statement.

Harmony Gold Mining Co. (HAR) , Africa’s third-largest producer of the metal, lost 3.5 percent to 78.69 rand, the lowest in almost two months. Output declined about 18 percent in the third fiscal quarter from the previous three months, the company said in a statement.

PSG Group Ltd. (PSG) , an investment holding company with interests in the financial sector climbed 2.1 percent to 53.02 rand, a record high. Earnings per share excluding one-time items at its PSG Konsult unit rose 22 percent in the year through February.

Sekunjalo Investments Ltd. (SKJ) , an investment company, rose to the highest level since March 9, jumping 5 percent to 66 cents. Earnings per share for the six months through February will be 1.74 cents to 2.01 cents, the company said in a statement today.

To contact the reporters on this story: Stephen Gunnion at +27- sgunnion@bloomberg.net and Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at


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