Bloomberg News

South African Stocks: Anglo, AngloGold, Mondi, Mercantile Move

June 30, 2011

June 30 (Bloomberg) -- The FTSE/JSE Africa All Share Index rose for a fifth day, advancing 138.24, or 0.4 percent, to 31,864.54 by the 5 p.m. close in Johannesburg. The index has retreated 2.2 percent this month.

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, increased for a fifth day, adding 3.35 rand, or 1 percent, to 334.85 rand. Commodity prices advanced, with copper climbing for a third day in London, moving as much as 0.8 percent higher to $9,395 a metric ton. Other metals including aluminum, lead, nickel, tin and zinc also increased.

BHP Billiton Plc (BIL SJ), the world’s biggest mining company, closed at its highest since June 1, advancing 81 cents, or 0.3 percent, to 265.20 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest gold producer, declined for the first day in three, losing 2.49 rand, or 0.9 percent, to 285.50 rand. Spot gold fell as much as 0.7 percent to $1,501.90 an ounce.

Gold Fields Ltd. (GFI SJ), the continent’s second-biggest producer of the metal, dropped 27 cents, or 0.3 percent, to 99.19 rand.

Harmony Gold Mining Co. Ltd. (HAR SJ), the third-largest producer, eased 82 cents, or 0.9 percent, to 89.95 rand.

Beige Holdings Ltd. (BEG SJ), a pharmaceutical and cosmetic manufacturer, climbed to its highest since Feb. 8, gaining 2 cents, or 50 percent, to 6 cents. The company reported a 6 percent decline in net profit for the year to the end of March and declared a maiden ordinary cash dividend of 0.15 cents per ordinary share.

Cadiz Holdings Ltd. (CDZ SJ), owner of a stock broker and money manager, jumped to its highest since April 8, surging 15 cents, or 5.3 percent, to 3 rand. The company is in exclusive talks with an international banking group for a possible transaction involving its securities business, it said in a statement.

Cape Empowerment Ltd. (CAP SJ) closed at its lowest since Dec. 1, 2010, losing 4 cents, or 17 percent, to 20 cents. The investment holding company said it was in talks that could affect its share price.

Mercantile Bank Holdings Ltd. (MTL SJ), the lender controlled by Portugal’s Caixa Geral de Depositos SA, closed at its highest in a month, surging 5 cents, or 25 percent, to 25 cents. The bank said it had received an unsolicited takeover offer from The Bidvest Group Ltd. In a separate announcement, it said it had arranged 50 million euros ($73 million) of funding from the World Bank’s International Finance Corp.

Mondi Ltd. (MND SJ), Europe’s largest maker of office paper, climbed for a third day, gaining 38 cents, or 0.6 percent, to 65.99 rand. Shareholders approved separating the group and listing Mondi Packaging South Africa Ltd. on the stock exchange. The listing will take place on July 11.

Murray & Roberts Holdings Ltd. (MUR SJ), South Africa’s second-biggest construction company, closed at its highest since Feb. 11, increasing 30 cents, or 1 percent, to 30 rand. The group yesterday released a trading update and said it had reached a deal with Hitachi Ltd. on the final costs incurred on subcontracts for South Africa’s Medupi and Kusile power stations.

Primeserv Group Ltd. (PMV SJ) closed at its lowest since May 30, retreating 3 cents, or 6.7 percent, to 42 cents. The training-center management company said attributable income decreased 28 percent in the 15 months to end March, compared with the 12 months earlier.

Vunani Ltd. (VUN SJ) sank to its lowest in more than a week, losing 1 cent, or 17 percent, to 5 cents. The financial- services company said it would acquire 20 million shares in BSI Steel Ltd. through an exchange of shares.

--Editors: John Kohut, Alex Nicholson.

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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