Johannesburg - South African stocks ended flat on Tuesday ahead of a national election but shares of Mediclinic International soared after the private hospital group said its annual earnings likely more than quadrupled.
Mediclinic shares jumped 6% to end at R76.50, after earlier hitting R78.47, the stock's highest since the company's listing in 1988, according to Reuters data.
Trade on the Johannesburg bourse was relatively active with 196 million shares changing hands, but some investors held back ahead of a public holiday on Wednesday for the election.
"A lot of investors internationally have put their foot on the brakes until we know the results of the election tomorrow," said Paul Chakaduka, a trader at Global Trader.
The benchmark Top-40 index was up 0.16% to 43 847.58, while the All-share index was up 0.13% to 48 942.02.
Other gainers included telecommunication firms with Vodacom rising 1.6% to R127.01 and MTN Group adding 1.5% to R216.
Shares of gold producing firms fell in line with a drop in bullion prices. Harmony Gold lost 3.4% to R34.40, while Gold Fields ended 2.1% lower at R43.90.
Advancers outnumbered decliners, 194 to 121, while 54 shares were unchanged.
Mediclinic shares jumped 6% to end at R76.50, after earlier hitting R78.47, the stock's highest since the company's listing in 1988, according to Reuters data.
Trade on the Johannesburg bourse was relatively active with 196 million shares changing hands, but some investors held back ahead of a public holiday on Wednesday for the election.
"A lot of investors internationally have put their foot on the brakes until we know the results of the election tomorrow," said Paul Chakaduka, a trader at Global Trader.
The benchmark Top-40 index was up 0.16% to 43 847.58, while the All-share index was up 0.13% to 48 942.02.
Other gainers included telecommunication firms with Vodacom rising 1.6% to R127.01 and MTN Group adding 1.5% to R216.
Shares of gold producing firms fell in line with a drop in bullion prices. Harmony Gold lost 3.4% to R34.40, while Gold Fields ended 2.1% lower at R43.90.
Advancers outnumbered decliners, 194 to 121, while 54 shares were unchanged.