Bloomberg News

South African Stocks: Anglo, AngloGold, Billiton, Exxaro, Sasol

June 23, 2011

June 23 (Bloomberg) -- The FTSE/JSE Africa All Share Index dropped to its lowest close since March 15, losing 466.33, or 1.5 percent, to 30,326.54 by 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 9.8 percent of South Africa’s benchmark stock index, had its biggest decline since April 12, retreating 9.40 rand, or 3 percent, to 309.49 rand. Commodity prices fell the most in seven weeks after U.S. jobless claims rose more than economists forecast and the U.S. federal Reserve lowered its growth estimates for the U.S. economy.

BHP Billiton Plc (BIL SJ), the world’s biggest mining company, slipped 6.14 rand, or 2.4 percent, to 246.46 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest gold producer, headed for its lowest close in more than 14 months, dropping 9.30 rand, or 3.2 percent, to 282.13 rand. The spot price of gold fell 2.2 percent to $1,519.93 an ounce, its biggest drop since Jan 4.

Gold Fields Ltd. (GFI SJ), the second-biggest producer, halted three days of gains, weakening 2.9 rand, or 3 percent, to 95.68 rand. Harmony Gold Mining Co. Ltd. (HAR SJ), Africa’s third-largest gold producer, snapped three days of gains, falling 4.96 rand, or 5.6 percent, to 83.29 rand.

Exxaro Resources Ltd. (EXX SJ), the biggest seller of coal to South African power utility Eskom Holdings SOC Ltd., declined 1.6 rand, or 1 percent, to 164.50 rand, snapping two days of advances. The coal miner won’t increase its offer for Australia’s Territory Resources Ltd., it said in a statement.

Sasol Ltd. (SOL SJ), fell for a second day, retreating 9.81 rand, or 2.8 percent, to 339 rand. Oil tumbled to the lowest price in four months after the International Energy Agency said its members would release crude from strategic reserves.

--Editors: Alex Nicholson, Gavin Serkin

To contact the reporter on this story: Robert Brand in Cape Town at

To contact the editor responsible for this story: Gavin Serkin at

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