Mediclinic
said its basic normalised headline earnings per share increased by 9%
to 408.2 cents and the final dividend by 11%, but the share price lost
5.46% to R114.01.
More than 1.5 million shares were sold for more than
R185.00. It seems the good news has been discounted already as the share
price is still 16.24% higher over the past 90 days.
Aspen [JSE:APN] was also one of the busiest shares in morning trade. The market was pleased with the announcement that its Australian subsidiaries will sell 130 products to the Indian group Strides.
This is part of a plan to simplify group and product structure. The share price, which was under pressure up until now, gained 1.86% to R382.99.
Tiger Brands [JSE:TBS], which lost more than 4% on Wednesday due to disappointing news from its African subsidiaries, slipped another 3.07% on Thursday morning to trade at R286.05.
MTN [JSE:MTN], which lost nearly 3% on Wednesday as 2 000 unionised employees went on strike for better pay, recovered by 0.73% to R230.49. Wednesday’s drop was the biggest daily percentage decline in about two months.
Among the big shares Naspers [JSE:NPN] traded 0.36% lower at R1 834.44. The share has been drifting sideways for the past couple of weeks and is now 1.55% lower over the past 30 days.
SABMiller [JSE:SAB], which said it wants to enter the Australian bond market, lost 0.38% to R669.15.
In the resources sector South32 is still improving and traded 0.98% higher at R21.70 on Thursday. At that stage BHP Billiton was also 0.86% stronger at R261.13.
Aspen [JSE:APN] was also one of the busiest shares in morning trade. The market was pleased with the announcement that its Australian subsidiaries will sell 130 products to the Indian group Strides.
This is part of a plan to simplify group and product structure. The share price, which was under pressure up until now, gained 1.86% to R382.99.
Tiger Brands [JSE:TBS], which lost more than 4% on Wednesday due to disappointing news from its African subsidiaries, slipped another 3.07% on Thursday morning to trade at R286.05.
MTN [JSE:MTN], which lost nearly 3% on Wednesday as 2 000 unionised employees went on strike for better pay, recovered by 0.73% to R230.49. Wednesday’s drop was the biggest daily percentage decline in about two months.
Among the big shares Naspers [JSE:NPN] traded 0.36% lower at R1 834.44. The share has been drifting sideways for the past couple of weeks and is now 1.55% lower over the past 30 days.
SABMiller [JSE:SAB], which said it wants to enter the Australian bond market, lost 0.38% to R669.15.
In the resources sector South32 is still improving and traded 0.98% higher at R21.70 on Thursday. At that stage BHP Billiton was also 0.86% stronger at R261.13.
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