Bloomberg News

South African Stocks: Anglo, BHP, Discovery, Metair, Sasol Move

June 14, 2011

June 14 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for a second day, adding 52.78, or 0.2 percent, to 31,229.36 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 South Africa’s benchmark stock index, advanced for a second day, gaining 1.66 rand, or 0.5 percent, to 323.01 rand. Copper rose in New York the first day in five as industrial production maintained the pace of growth in China, the world’s biggest consumer of the metal.

BHP Billiton Plc (BIL SJ), the world’s largest mining company, rose the most since May 10, jumping 4.99 rand, or 2 percent, to 257.49 rand.

DigiCore Holdings Ltd. (DGC SJ), a company that makes vehicle-tracking devices, gained to the highest in five weeks adding 5 cents, or 1.7 percent, to 3.05 rand. DigiCore has entered into an exclusive agreement with Discovery Holdings Ltd.’s short-term insurer to install its tracking devices to a as many as 1 million vehicles insured, said DigiCore in a statement today. Discovery shares rose 27 cents, or 0.7 percent, to 38.88 rand, a second day of increases.

Imuniti Holdings Ltd. (IMU SJ), a manufacturer of pharmaceutical products, increased for the first time in seven days, adding 1 cent, or 14 percent, to 8 cents. The company said it has signed an “exclusive” supply agreement for its Nutritional Combo Pack with Edge to Edge Global Investment Ltd.

Metair Investments Ltd. (MTA SJ), a company that manufactures motor vehicle components, rallied to the highest since June 2007, climbing 72 cents, or 5 percent, to 15 rand. The company expects per share earnings for the first-half through June will be 45 percent higher than in the year earlier, it said in a regulatory filing.

Sasol Ltd., the largest producer of motor fuels from coal, snapped two days of losses, increasing 5.49 rand, or 1.6 percent, to 351.49 rand. The company will invest 23 billion rand ($3.4 billion) this year and 31 billion rand in 2012 on current projects and acquisitions of assets to benefit from surging fuel prices.

--Editors: Linda Shen, Alex Nicholson

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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