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Bidvest, Life Healthcare Rise After JSE Top40 Index Inclusion
JOHANNESBURG, Capital Markets in Africa: Bidvest Group Ltd. and Life Healthcare Group Holdings Ltd. gained for the first time in three days in Johannesburg trading after the companies were added to the stock exchange’s Top40 index.
Bidvest, the diversified South African industrial group, advanced as much as 1.4 percent to 152.59, while hospital operator Life Healthcare climbed 1.1 percent to 38.15 rand. The companies and Sibanye Gold Ltd. and Gold Fields Ltd. joined the FTSE/JSE Top40 Tradeable Index Monday. Sibanye added 0.6 percent, while Gold Fields rose 2 percent.
Anglo American Platinum Ltd., Capital & Counties Properties Plc, Capitec Bank Holdings Ltd. and Rand Merchant Investment Holdings Ltd. fell out of the index, the bourse said on its website.