Bloomberg News

South African Equities: Anglo, Aquarius, BHP, Impala, Sasol Move

June 02, 2011

June 2 (Bloomberg) -- The FTSE/JSE Africa All Share Index dropped for a second day, losing 382.69 or 1.2 percent, to 31,939.41 as at 11:49 a.m. in Johannesburg.

The following were among the most active stocks in the South African market today.

Anglo American Plc (AGL SJ), the diversified mining company that makes up 10 percent of South Africa’s benchmark stock index, fell for a second day, losing 4.45 rand, or 1.3 percent, to 330.80 rand. Copper slipped for to a one-week low on concern the global economic recovery may be faltering as manufacturing slows in the world’s biggest economies of China and the U.S.

BHP Billiton Plc (BIL SJ), the world’s largest mining company, dropped 6.16 rand, or 2.3 percent, to 260 rand. A close at that price would be the lowest since March 23.

Anglo Platinum Ltd. (AMS SJ), the world’s biggest producer of the metal, fell the most since May 23, losing 13 rand, or 2 percent, to 635 rand. Platinum retreated for a second day.

Impala Platinum Ltd. (IMP SJ), the second-largest producer of the metal, slumped the most in almost two weeks, falling 3.69 rand, or 2 percent, to 185.80 rand. Aquarius Platinum Ltd. (AQP SJ), the world’s fourth-biggest producer of the metal, weakened for a second day, dropping 1.09 rand, or 2.8 percent, to 37.50 rand.

Sasol Ltd. (SOL SJ), the world’s biggest maker of motor fuel from coal, declined for a fourth day, losing 6.09 rand, or 1.7 percent, to 354.51 rand. Oil slipped as much as 1 percent to $99.25 a barrel, the lowest since May 25.

--Editors: Ana Monteiro, Linda Shen

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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