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STOCKS NEWS AFRICA-AECI falls, sees FY earnings down more than 20 pct

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0715GMT 12Oct12 - AECI falls, sees FY earnings down more than 20 pct -------------------------------------------------------------------

Shares of AECI open more than 2 percent lower after the chemicals and explosives manufacturer says it expects full-year earnings to fall by more than 20 percent due to the impact of strikes in the mining and transport sectors.

By 0715 GMT, shares in the company are down 1.64 percent at 76.23 rand, compared with a 0.45 percent drop in the JSE All-Share index . AECI earlier hit a low of 75.16 rand, its lowest level in 11 months.

Reuters Messaging: agnieszka.flak.thomsonreuters.com@reuters.net

Keywords: MARKETS AFRICA STOCKSNEWS