Johannesburg - South African stocks ended little changed on Friday as equities worldwide remained under pressure on concerns over US budget and debt negotiations.
Afgri, which provides services to grain farmers, rose 4.7 percent to 5.81 rand.
Just after the market closed, it said it had received a takeover offer of 7 rand a share from private investment company AgriGroupe.
The Top-40 index inched up 0.05 percent to 39,774.18.
The All-share index added just 0.02 percent to 44,358.74.
Both indices hit record highs this week with the Top-40 coming within seven points of the symbolic 40,000 mark.
Analysts said it could make another stab at that peak next week.
“You always have these magical numbers that the guys are pushing for. The futures dealers even hedge around numbers like that,” said Abri du Plessis, chief investment officer at Gryphon Asset Management.
ArcelorMittal South Africa, the local arm of global steelmaker, added 1.85 percent to 34.63 rand after it said it was in talks Kumba Iron Ore on a potential new ore supply agreement as the companies try to resolve disputes spanning over three years.
Advancers outnumbered decliners 159 to 128 with 71 shares unchanged, according to preliminary bourse data.
Volumes picked up significantly from the previous session with 189 million shares changing hands. - Reuters