Tuesday, May 8, 2007

Weaker Billiton, Anglo hit S.African stocks

(Reuters) - South African stocks slid on Tuesday as weaker gold and copper prices hit mining heavyweights Anglo American and BHP Billiton, and investors speculated they might bid for aluminium firm Alcan.

The Johannesburg Top-40 index of blue-chip stocks fell 2.44 percent to 25,202.29 points -- its biggest one-day fall since March 14 -- while the broader All-share index dropped 2.21 percent to 28,161.78 points.


Read more at Reuters Africa

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