Thursday, May 17, 2007

S.Africa bourse falls on metal prices, Old Mutual up

(Reuters) - South African stocks fell on Thursday as miners BHP Billiton and Anglo American tumbled due to weaker precious and base metal prices, but Old Mutual rose on a positive re-rating.

"The resource shares fell on the decline in the dollar prices of commodities such as copper and gold," Ferdi Heyneke, a portfolio manager at Afrifocus Securities said.


Read more at Reuters Africa

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