Friday, July 13, 2007

Murray & Roberts shares surge on profit outlook

(Reuters) - Shares in South African construction group Murray & Roberts (M&R) leapt to a year-high of 79 rands per share on Friday on the back of a bullish earnings statement and robust order book.

The stock traded more than 5 percent higher, but pared its gains to add 3.33 percent at 77.50 rand by 1258 GMT, the biggest climber on the Top-40 blue chip index, which added 0.52 percent.


Read more at Reuters Africa

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