Shares in Massmart Holdings drop more than 3 percent as the South African retail unit of Wal-Mart Stores Inc undershoots analysts' estimates with its full-year earnings guidance.
Massmart is down 3.4 percent at 169.50 rand. It said headline earnings likely rose as much as 34 percent. Analysts were expecting a profit increase of 66 percent, according to a poll by Thomson Reuters. - Reuters