BLBG:African Bank, AngloGold, Sappi May Move: South African Equity Preview
The following stocks may rise or fall in South Africa. Symbols are in parentheses and prices are from the last close.
The FTSE/JSE Africa All Share Index fell to the lowest close in almost five weeks, dropping 351.35 points, or 1.1 percent, to 30,520.43 by the 5 p.m. close in Johannesburg.
African Bank Investments Ltd. (ABL) : South Africa’s biggest provider of small loans provides a trading update for the quarter ended June 30. The shares dropped 55 cents, or 1.6 percent, to 33 rand.
AngloGold Ashanti Ltd. (ANG) : Africa’s biggest gold producer reports earnings for the quarter ended June 30. The shares climbed 10.71 rand, or 3.7 percent, to 300.71 rand.
Liberty Holdings Ltd. (LBH) : The investment holding company, which owns a controlling stake in Liberty Group Ltd., reports earnings for the six months ended June 30. The shares slipped 1.20 rand, or 1.6 percent, to 73.25 rand.
Randgold & Exploration Co. (RNG SJ): The company, which owns mineral rights, said it has a net asset value of 2.47 rand per share at June 30. The shares dropped 5 cents, or 1.8 percent, to 2.79 rand.
Sappi Ltd. (SAP) : The world’s biggest producer of glossy paper reports earnings for the third quarter ended June 30. The shares fell 56 cents, or 1.9 percent, to 28.85 rand.
To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net