MTN fell 0.12% to R106.78 despite it saying its Nigerian business service revenue increased by 12.2%, voice revenue 11.4%, and data revenue 31.7% for the six months ended June.
Dipula Income Fund A-shares fell 1.84% to R10.15 after the property company said on Friday that it made a non-binding offer to acquire 100% of SA Corporate Real Estate.
Stefanutti Stocks rose 5.17% to 61c after the construction company said on Friday that it has received R120m in project fundraising.
Sasol regained 0.81% to R310.50 after dropping more than 6% on Thursday after it said it had written down the value of its assets in North America and Africa by R18.1bn.
Apple – Apple is buying Intel’s smartphone modem chip business for $1 billion. The Wall Street Journal had reported earlier in the week that the deal was close.
McDonald’s – The restaurant company’s stock is headed for an all-time high after reporting second-quarter earnings that showed sales growth was better than Wall Street expected. McDonald’s earnings and revenue were in line with estimates but same-store sales grew 5.7%, beating the 4.5% growth expected by analysts.
Intel – Intel beat consensus estimates by 17 cents a share, with adjusted quarterly profit of $1.06 per share. The chipmaker’s revenue also came in above Street forecasts. Intel’s traditional PC business saw a 1% revenue increase compared to an expected decline. The company also raised its full-year outlook.
T-Mobile – T-Mobile earned $1.09 per share for the second quarter, 12 cents a share above estimates. The mobile carrier’s revenue missed Street forecasts. T-Mobile also reported a larger-than-expected number of subscriber additions.