Bloomberg News

South African Equities: Anglo American, Impala, SABMiller, Sasol

June 03, 2011

June 3 (Bloomberg) -- The FTSE/JSE Africa All Share Index lost 302.12, or 1 percent, to 31,575.65 at the 5 p.m. close in Johannesburg, extending its drop this week to 2.5 percent.

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 9.9 percent of South Africa’s benchmark stock index, fell to the lowest in more than a week, losing 4.21 rand, or 1.3 percent, to 324.59 rand. Emerging-market stocks fell as U.S. employers added a less-than-projected 54,000 jobs, the fewest in eight months, taking the unemployment rate in the biggest economy to 9.1 percent.

SABMiller Plc (SAB SJ), the world’s second-largest brewer by volume, retreated 2.10 rand, or 0.9 percent, to 243.40 rand.

BHP Billiton Plc (BIL SJ), the world’s largest mining company, dropped for a fourth day, losing 3.70 rand, or 1.4 percent, to 255 rand. The company may face the first strikes at its Australian coal mines in a decade after workers voted in favor of the right to take industrial action in support of demands for improved working conditions.

Impala Platinum Ltd. (IMP SJ), the world’s second-largest producer of the metal, retreated the most since May 9, falling 4.25 rand, or 2.3 percent, to 183.75 rand. Platinum slipped for a third day, heading for the lowest close since May 30.

Sasol Ltd. (SOL SJ), the world’s biggest maker of motor fuel from coal, weakened for a fifth day, declining 5.47 rand, or 1.6 percent, to 347.03 rand. Oil dropped 1.2 percent to $99.16 a barrel.

--Editors: Ana Monteiro, Peter Branton

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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