South African Equities: Coal of Africa, Firestone, Foschini
October 01, 2010, 12:43 PM EDT
Oct. 1 (Bloomberg) -- South Africa?s FTSE/JSE Africa All Share Index fell for the first time this week, losing 189.31, or 0.6 percent, to 29,266.73 at the 5 p.m. close in Johannesburg, trimming its weekly advance to 2 percent. The following were among the most active stocks in the South African market today.
Brikor Ltd. (BIK SJ) gained the most in more than a week, up a cent, or 7.7 percent, to 14 cents. The brick and paving manufacturer agreed to buy 31 percent of Ilangabi Investments 12 (Pty) Ltd., a company holding prospecting and mining rights to which Brikor has access.
Coal of Africa Ltd. (CZA SJ) fell for the fourth time this week, retreating 98 cents, or 10 percent, to 8.57 rand, its biggest fall since August 11. The mining company said it posted a consolidated operating loss of $101.4 million for the 12 months through June.
Firestone Energy Ltd. (FSE SJ) rose 5 cents, or 20 percent, to 30 cents, its biggest gain in since August 27. The Australian-based mining company said it?s in talks that, if successfully concluded, may have ?a material effect? on the price of the company?s shares. Firestone said it has requested a trading halt on its shares until the market opens on Oct. 5 pending the release of details on a ?potential transaction.?
South African Equities: Coal of Africa, Firestone,...
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