Shares in South African lender FirstRand fell over 4% on Wednesday after its largest shareholder said it would distribute its stake in the group, worth around 130 billion rand ($8.80 billion), among its shareholders.
The market open on Wednesday was the first opportunity for investors to trade in FirstRand shares, after RMB Holdings (RMH), an investment firm that gave birth to FirstRand, announced its plans late on Tuesday.
Shares in RMH, meanwhile, rose over 4%.
(Reporting by Emma Rumney; Editing by Mark Potter)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 60.94 ZAR | +1.69% | +0.61% | 17.83B | ||
| 0.4 ZAR | 0.00% | 0.00% | 28.6M | ||
| 447.3 PTS | -0.53% | -1.73% | - | ||
| 36.99 USD | -0.08% | +0.22% | 2.41B | ||
| 151.3 PTS | -0.12% | -1.50% | - | ||
