Bloomberg News

South African Stocks: Anglo, AngloGold, Billiton, MTN, SABMiller

June 27, 2011

June 27 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for a second day, gaining 216.82, or 0.7 percent, to 30,897.05 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 10 percent of the benchmark stock index, rose for a second day, adding 3.10 rand, or 1 percent, to 318.50 rand. Anglo and BHP Billiton Plc (BIL SJ), the world’s biggest mining company, were raised to “overweight” from “neutral” by analysts at HSBC Holdings Plc. BHP closed at its highest since June 14, gaining 2.41 rand, or 1 percent, to 255.41 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest gold miner, fell to its lowest since March 2010, dropping 1.49 rand, or 0.5 percent, to 277 rand. Gold slipped as much as 0.8 percent to $1,491.20 an ounce.

MTN Group Ltd. (MTN SJ), Africa’s largest mobile-phone operator, closed at its highest since June 8, climbing 4.23 rand, or 3.1 percent, to 141.33 rand. Nomura Holdings Inc. raised its price estimate on MTN to 152 rand, from 150 rand.

SABMiller Plc. (SAB SJ), the world’s second-largest brewer by volume, advanced to its strongest in a week, rallying 5.62 rand, or 2.4 percent, to 236.19 rand. Bank of America Corp. raised the stock to “buy” from “neutral.”

SacOil Holding Ltd. (SCL SJ), an oil and natural-gas explorer, climbed to the highest since June 8, gaining 4 cents, or 5 percent, to 82 cents. The group appointed Jan Maier as its chief operating officer, according to a regulatory statement.

--Editors: Ana Monteiro, Linda Shen

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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