Bloomberg News

South African Stocks: Anglo Platinum, Aquarius, Paladin, Sentula

June 15, 2011

June 15 (Bloomberg) -- The FTSE/JSE Africa All Share Index snapped two days of gains, declining 228.84, or 0.7 percent, to 31,000.52 at the 5 p.m. close in Johannesburg.

Anglo American Plc (AGL SJ), the diversified mining company that makes up 9.9 percent of South Africa’s benchmark stock index, fell for the first time in three days, losing 4.25 rand, or 1.3 percent to 318.76 rand. Lead, nickel, tin and zinc fell on slower-than-estimated U.S. manufacturing output and concern China will raise rates.

BHP Billiton Plc (BIL SJ) slipped 4.49 rand, or 1.7 percent, to 253 rand.

Anglo American Platinum Ltd. (AMS SJ), the world’s largest producer of the metal, snapped two days of gains, dropping 15.37 rand, or 2.4 percent, to 624.01 rand, the lowest since May 23. Platinum weakened for a fourth day, losing as much as 0.8 percent to $1,778.60 an ounce.

Aquarius Platinum Ltd. (AQP SJ), the fourth-largest producer, dropped to the lowest close since Sept. 10, falling 1.26 rand, or 3.5 percent, to 34.75 rand.

Paladin Capital Ltd. (PLD SJ) rose for a second day, jumping 10 cents, or 3.7 percent, to 2.80 rand. The private- equity company controlled by PSG Group Ltd. is considering possible transactions that may affect its share price if successfully concluded.

Sentula Mining Ltd. (SNU SJ) declined for a second day, falling 7 cents, or 2.6 percent, to 2.60 rand, the lowest since May 25. The coal-mining company said profit fell to 35 million rand ($5.1 million) in the year through March, from 239 million rand a year earlier, according to a regulatory statement published today.

--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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