Bloomberg News

South African Stocks: Aveng, Group 5, Harmony, Lonmin, Vodacom

June 24, 2013

FTSE/JSE Africa All-Share Index drops 2.4% by close in Johannesburg; 31 stocks gain, 125 decline, 10 unchanged; gauge falls for 4th day.

ADVANCERS: * Capitec (CPI SJ) +1.7%; shrholder PSG plans to maintain controlling stake, sees stk price rising: Business Day citing CEO Piet Mouton * Aveng (AEG SJ) +5.2%; co. reaches 307m rand settlement with Competition Commission ** Basil Read (BSR SJ) +0.5%; Murray & Roberts (MUR SJ) +0.9%; Wilson Bayly Holmes-Ovcon (WBO SJ) +1.9%

DECLINERS: * Harmony Gold (HAR SJ) -8.3%, lowest since March 2001; AMCU union submits gold industry wage demands ** DRDGold (DRD SJ) -3.9%; Sibanye Gold (SGL SJ) -3.9% * Group 5 (GRF SJ) -3.2%, biggest drop since Feb 5; co. hasn’t reached agreement with Competition Commission on 4 projects * Impala (IMP SJ) -5.2%; co. rated underperform in new coverage at Avior ** Lonmin (LON SJ) -5.9% ** Anglo Platinum (AMS SJ) -1.4% * Sentula Mining (SNU SJ) -9.9%; co. sees FY loss/shr of between 141.7c-159.5c * Vodacom (VOD SJ) -4.7%, most since July 2009; biggest decliner on benchmark

To contact the reporter on this story: Amogelang Mbatha in Johannesburg at ambatha@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus