South African Stocks, Anglo American, ArcelorMittal, Pick n Pay
FMCG SUPPLIER NEWS
Bloomberg Businessweek - Jan 10th 2012, 09:57
Dec. 19 (Bloomberg) -- The FTSE/JSE Africa All Share Index slipped 285.33, or 0.9 percent, to 31,721.37 by the close in Johannesburg. The index has weakened 1.2 percent this year.
The following are among the most active stocks in the South African market today. Stock symbols follow company names.
Anglo American Plc (AGL SJ), the mining company that makes up more than 9 percent of the benchmark stock index, dropped 1.8 percent to 296.79 rand. Copper declined for the first time in three days in London on concern demand in China, the biggest metal buyer, will slow after property prices fell.
BHP Billiton Ltd. (BIL SJ), the world’s biggest miner, retreated 2.3 percent to 236.37 rand.
ArcelorMittal South Africa Ltd. (ACL SJ), Africa’s largest steelmaker, dropped for the first time in four days, falling 1.9 percent to 64.72 rand. The stock is excluded from the Johannesburg Stock Exchange’s Top 40 index from today following a quarterly review of companies’ index weightings.
Imperial Holdings Ltd. (IPL SJ), which owns South Africa’s largest auto-dealer network, fell the most since Dec. 14, sliding 0.7 percent to 120.70 rand. Imperial said it will spend 126 million rand ($15 million) buying the shares it doesn’t already own in various companies from Ukhamba Holdings Ltd.
Kagiso Media Ltd. (KGM SJ), a publishing and broadcasting group, slipped the most since Jan. 7, losing 5.3 percent to 17 rand. Kagiso said it has offered to buy Juta & Co. for 300 million rand.
Pick n Pay Stores Ltd. (PIK SJ) rose 1.1 percent to 46.88 rand. December has started “extremely well,” Chief Executive Officer Nick Badminton said, according to the Johannesburg-based Business Day newspaper.
Steinhoff International Holdings Ltd. (SHF SJ), Africa’s largest furniture maker, slid for a third day, retreating 2.9 percent to 22.89 rand. The company agreed to buy a 20 percent stake in PSG Group Ltd. for 1.6 billion rand, paying mainly with stock.
Telkom South Africa Ltd. (TKG SJ), Africa’s largest fixed- line phone company, declined 1.5 percent to 28.95 rand. Moody’s Investors Service downgraded the company’s senior unsecured issuer rating to Baa2 from Baa1 with a stable outlook.
Related Retailers
 | Pick 'n PayThe Pick n Pay Group (“the Group”) is one of South Africa’s largest and most successful retailers. In 1967 Raymond Ackerman purchased four small stores, launching Pick n Pay as South Africa’s first food discounter. Listed on the Johannesbu...Click here to read more about Pick 'n Pay |
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