Wednesday, May 9, 2007

S.African stocks recover, BHP bid talk lends hand

(Reuters) - The mining sector led a recovery of South African stocks on Wednesday as investors sought bargains amid talk that index heavyweight BHP Billiton could bid for rival Rio Tinto.

Weaker gold and copper prices had hit mining heavyweights BHP and Anglo American on Tuesday while financials, which had tumbled in similar fashion to their European banking stocks also recovered, with Standard Bank gaining most.


Read more at Reuters Africa

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