Wednesday, April 18, 2007

S.African stocks slip on profit taking, Sappi

(Reuters) - South African stocks tripped on Wednesday as credit agencies downgraded the outlook for paper producer Sappi and as investors locked in profits after successive record highs.

The Johannesburg Top-40 index of blue-chip stocks slid 1.47 percent higher to 25,312.23 points, while the All-share index shed 1.26 percent to 28,148.52 points.


Read more at Reuters Africa

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