Proshare Logo
   Market Date: 01-09-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

South African stocks, others rise

Category: World of Business


  Read (1480)
South African stocks, others rise

 

South Africa's FTSE/JSE Africa All Share Index rose for a third day, adding 103.68, or 0.4 per cent, to 27,998.87 in Johannesburg.

 

 

Kenya's All-Share Index rose for a third day, adding 0.1 per cent to 58.39 in Nairobi. Mauritius's SEMDEX Index closed 0.6 per cent higher at 1,670.33. Namibia's FTSE/Namibia Overall Index rose 0.2 per cent to 784.23 in the capital, Windhoek. Harmony Gold Mining Co. (HAR SJ), climbed 2.03 rand, or 2.65 per cent, to 78.49 rand, the highest since December 15.

 

 

UBS AG raised its recommendation on Africa's third-largest producer of the metal to "neutral" from "sell" after the share price failed to advance in line with the gold price in the last three months of 2009.

 

 

Mvelaphanda Resources Limited, the South African minerals explorer, rose 3.60 rand, or 7.4 per cent, to 52.00 rand, its highest price since July 2008, after Web site Miningmx yesterday reported Eurasian Natural Resources Corp. may buy the company, without citing anyone.

 

 

Northam Platinum Limited, which is 62.8 per cent owned by Mvelaphanda, gained 3.05 rand, or 6.4 per cent, to 51.00 rand, its highest price since September 2008. SABMiller Plc dropped 5.25 rand, or 2.4 per cent, to 213.75 rand, its biggest decline since August 17.

 

 

Strikes at SABMiller's South African soft-drinks unit may spread to the company's larger beer operations unless a dispute over pay and working hours is settled by tomorrow, according to a labor union.  Sasol Limited, the world's biggest maker of motor fuel from coal, gained for a third day, adding 2.15 rand, or 0.7 per cent, to 305.50 rand.

 

 

Crude traded at its highest intraday price since October 21 in New York as freezing weather in the U.S., the largest energy consumer, and improving global economies bolstered the outlook for fuel demand. 

 

 

(Source: Guardian)



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on World of Business

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint