Bloomberg News

South African Stocks: Anglo, BHP, Comair, Gold Fields, Pinnacle

June 09, 2011

June 9 (Bloomberg) -- The FTSE/JSE Africa All Share Index gained 112.84, or 0.4 percent to 31,634.17 at the 5 p.m. close 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 the benchmark stock index, advanced the most since May 27, increasing 4.25 rand, or 1.3 percent, to 329.50 rand. Metal prices, including copper, zinc and lead, gained as the U.S. trade deficit unexpectedly narrowed in April.

BHP Billiton Plc (BIL SJ), the world’s largest mining company, advanced 2.99 rand, or 1.2 percent, to 257 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest producer of the precious metal, snapped seven days of losses, jumping 6.41 rand, or 2.2 percent, to 296.40 rand. South African mine production rose 12.4 percent in April from a year earlier, Statistics South Africa spokesman Jean-Pierre Terblanche said by phone from Pretoria today.

Gold Fields Ltd. (GFI SJ), the second-largest African gold mining company, rose for the first day in seven, adding 1.26 rand, or 1.3 percent, to 100.01 rand.

Comair Ltd. (COM SJ), an air carrier partly owned by British Airways Plc, dropped to the lowest level since April 11, losing 5 cents, or 2.3 percent, to 2.15 rand. Oil advanced for a third day, increasing as much as 1.7 percent to $102.41 a barrel.

Pinnacle Technology Holdings Ltd. (PNC SJ), a computer and networking group, rallied for a third day, climbing 27 cents, or 3.4 percent, to 8.29 rand. Earnings per share excluding one-time items will be at least 30 percent higher for the 12 months through June compared with a year earlier, the company said in a regulatory filing today.

Editors:

--Editors: Linda Shen, Alex Nicholson

To contact the reporters on this story: Lauren van der Westhuizen in Cape Town Nef at lvanderwesth@bloomberg.net; Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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