Already a Bloomberg.com user?
Sign in with the same account.
June 28 (Bloomberg) -- The FTSE/JSE Africa All Share Index rose for a third day, gaining 394.60, or 1.3 percent, to 31,291.65 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 third day, gaining 6.71 rand, or 2.1 percent, to 325.21 rand. Commodity prices gained, with copper rising as much as 1.3 percent to $9,082 a metric ton.
BHP Billiton Plc (BIL SJ), the world’s biggest mining company, closed at its highest in three weeks, adding 3.19 rand, or 1.3 percent, to 258.60 rand.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest gold miner, climbed for the first day in four, adding 4 rand, or 1.4 percent, to 281 rand after reaching the lowest closing level since March 2010 yesterday. Gold gained as much as 0.6 percent to $1,506.55 an ounce.
Assore Ltd. (ASR SJ), the owner of half of South African manganese producer Assmang Ltd., fell 5.63 rand, or 2.5 percent, to 217.28 rand. Shareholder Shanduka Resources Ltd. will sell an 11.8 percent stake in the group as part of larger plans enabling Assore to meet domestic ownership rules, it said in a regulatory statement.
Blue Financial Services Ltd. (BFS SJ), a provider of unsecured loans, increased for the first day in four, advancing 3 cents, or 7.5 percent, to 43 cents. The group’s loss per share probably decreased more than 90 percent for the year through February, it said in a regulatory statement.
Huge Group Ltd. (HUG SJ), a telecommunications company, closed at its lowest since December 2009, falling 9 cents, or 13 percent, to 60 cents. The group reported a loss excluding one- time items of 15.41 cents a share for the year to Feb. 28, compared with 8.79 cents a share a year earlier.
Old Mutual Plc (OML SJ), the third-biggest insurer in the U.K., closed at its highest in two weeks, gaining 25 cents, or 1.8 percent, to 14.05 rand. Goldman Sachs Group Inc. said Old Mutual remained its top pick among the U.K.-listed insurers “in light of its position in markets where a biggest part of the value chain is on offer,” it said in an e-mailed note to clients dated today.
Trustco Group Holdings Ltd. (TTO SJ), a microfinance and insurance group, surged 18 cents, or 26 percent, to 88 cents, reversing two days of losses. The group declared a final dividend of 2 cents per share for the period to March, bringing its final dividend for the year to March 31 to 3.5 cents a share.
--Editors: Ana Monteiro, Linda Shen
To contact the reporter on this story: Stephen Gunnion in Johannesburg at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com