Johannesburg - Shares of South Africa's leading banks and retailers fall as they begin trading ex-dividend, or without the right to the latest dividend payout.
Three of South Africa's biggest banks are down on ex-dividend, dragging the index of banks down nearly 2 percent. Barclays Africa Group, South Africa's third-largest bank by market value, is the leading decliner on the blue-chip Top-40 index, falling 2.8 percent at 138.76 rand.
South Africa's No. 2 retailer by value Massmart Holdings sheds 2 percent at 156.76 rand, while Truworths gives up 1.8 percent at 83.48 rand.
Other companies trading ex-dividend include Standard Bank, Shoprite Holdings, Emira Property, City Lodge Holdings, Exxaro Resources, Mpact Ltd, Trencor Ltd, Hospitality and Blue Label.
Dates for earnings, ex-dividends and AGMs are all available on the South Africa corporate diary, which is updated daily. - Reuters