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Shares in BEE investment company HCI extended gains on Thursday with the price surging as much as 44% — its second-biggest one-day gain since listing. 

The share price reached an intraday high of R179.69, a new record, beating the one set in 2014. The price began to rise late on Tuesday on news that an oilfield offshore from Namibia, in which it holds a 10% stake, could contain as many as 13-billion barrels...

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