Bloomberg News

South African Shares: Consolidated Infrastructure, Mr Price

May 02, 2012

The FTSE/JSE Africa All Share Index (JALSH) advanced for a fifth day to a record high, climbing 0.2 percent to 34,482.43 by the close in Johannesburg.

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

Cie. Financiere Richemont SA (CFR) , the owner of the Cartier brand, increased 0.5 percent to 48.32 rand. Baume & Mercier, one of its watchmaking units, said sales are showing “very strong growth,” Le Temps reported, citing an interview with Alain Zimmermann, Baume & Mercier’s chief executive officer.

Consolidated Infrastructure Group Ltd. (CIL) , which builds high voltage electrical substations, jumped the most since October, adding 5.1 percent to 13.35 rand. The company said its order book increased 24 percent to 1.8 billion rand ($232 million) and net profit rose 19 percent to 55 million rand.

Impala Platinum Holdings Ltd. (IMP) , the world’s second- largest producer of the metal, fell for the first time in three days, dropping 1.7 percent to 148.76 rand. Spot platinum declined as much as 0.9 percent to $1,558.37 an ounce.

Mr Price Group Ltd. (MPC) , a South African retailer, advanced to a record, adding 0.5 percent to 105.70 rand. Earnings per share in the 52 weeks through March rose 18 percent to 23 percent compared with the 53 weeks through April 2 last year, the company said in a trading statement today.

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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