Monday, July 16, 2007

S.African stocks dip as Lonmin slides on outlook

(Reuters) - South African stocks retreated a touch on Monday as Lonmin Plc slid after it cut its full-year sales forecast, hitting rival Impala Platinum.

The Johannesburg Top-40 index of blue-chip stocks fell 0.34 percent to 27,109.82 points while the All-share index, which punctured the psychologically key 30,000 mark last week, dipped 0.31 percent to 29,868.22 points.


Read more at Reuters Africa

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