Bell Equipment’s share price surged 23.38% to close at R9.50 on Monday after it said it expected headline earnings per share to be at least 70% higher in the six months to June 2017 from the matching period in 2016. The maker of heavy vehicles used in agriculture, forestry, waste handling, construction and mining, said the expected increase was due mainly to a rise in demand — especially in South African markets — and the recovery of a substantial customer account that had been provided for in the earlier period.

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