May 7 (Goldstart) — The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
South Africa’s FTSE/JSE Africa All Share Index fell for a fifth day, sliding 103.85, or 0.4 %, to 27,512.83.
AngloGold Ashanti Ltd. (ANG SJ): Africa’s largest/ producer of gold /said net revenue fell to 1.15 billion rand ($148 milion) in the first quarter from 3.18 billion rand in the previous three months, according to a stock exchange filing. AngloGold fell 1.50 rand, or 0.5 %, to 311.50 rand.
Aveng Ltd. (AEG SJ): The construction and engineering company was reinstated as a ‘buy’ at Bank of America-Merrill Lynch. Aveng’s stock rose 93 cents or 2.5 % to 38.13 rand.
BHP Billiton Plc (BIL SJ): Copper (Cu) for three-month delivery declined as much as 2.7 % to $6,760 a metric ton on the London Metal Exchange. Nickel, tin and zinc prices also fell. Stock of BHP, the world’s largest mining company, dropped 2.07 rand, or 1 %, to 215.80 rand.
Gold Fields Ltd. (GFI SJ): Africa’s second-largest/ producer of gold /said third-quarter net revenue fell to 316 million rand from 1.41 billion rand in the fourth quarter. Gold Fields rose 1 rand, or 1 %, to 100 rand. Bullion prices rose for a third straight day, climbing as much as 1.4 % to $1,210.70 an ounce.
IFA Hotels & Resorts Ltd. (IFH SJ): The gaming, entertainment and leisure operator has started talks over one of its investments. IFA was unchanged at 92 cents.
Murray & Roberts Holdings Ltd. (MUR SJ): The construction company was reinstated at ‘neutral’ at Bank of America-Merrill Lynch. Murray & Roberts’ stock fell 1.02 rand, or 2.5 %, to 40 rand.
Optimum Coal Holdings Ltd. (OPT SJ): The miner of the fuel was rated a new ‘overweight’ with a price target of 44 rand at Morgan Stanley, which cited higher coal prices as the reason for its decision in a research note dated today.
Optimum Coal’s stock rose 1 cent, or less than 0.1 %, to 31.60 rand.
Sappi Ltd. (SAP SJ): The world’s largest producer of glossy magazine paper reports second-quarter earnings. Sappi fell 90 cents, or 2.9 %, to 29.83 rand.
Simmer & Jack Mines Ltd. (SIM SJ): All shafts at Simmer’s Buffelsfontein mine in South Africa have been suspended by the Department of Mineral Resources after three workers died in an accident. Simmer rose 5 cents, or 4.1 %, to 1.28 rand.
Shares or American depositary receipts of the following South African companies closed as follows:
Anglo American Plc (AAUKY US) fell 4.5 % to $18.50. AngloGold Ashanti Ltd. (AU US) rose 1 U.S. cent to $40.94. BHP Billiton Ltd. (BBL US) declined 4.8 % to $54.38. DRDGold Ltd. (DROOY US) gained 0.6 % to $4.90. Gold Fields Ltd. (GFI US) added 0.2 % to $13.14. Harmony Gold Mining Co. (HMY US) gained 1.4 % to $9.56. Impala Platinum Holdings Co. (IMPUY US) slumped 6.2 % to $24.10. Sappi Ltd. (SPP US) dropped 6 % to $3.75. Sasol Ltd. (SSL US) fell 4.2 % to $36.22. Telkom South Africa Ltd. (TLKGY US) slipped 2.1 % to $18.65.
