Bloomberg News

South African Equities: AVI, Gold Fields, Growthpoint, Impala

July 13, 2011

July 13 (Bloomberg) -- The FTSE/JSE Africa All Share Index rose for a second day, gaining 383.83, or 1.2 percent, to 32,310.38 by the 5 p.m. close in Johannesburg.

The following are among the most active stocks in the South African market today.

AVI Ltd. (AVI SJ), a producer and distributor of consumer goods including food and cosmetics, climbed 45 cents, or 1.4 percent, to 33.25 rand, a second day of gains. AVI said it agreed to sell its Denny Mushrooms Ltd. unit to a group of investors that include the private-equity business of FirstRand Ltd.’s Rand Merchant Bank. FirstRand (FSR SJ) rose 5 cents, or 0.3 percent, to 19.45 rand.

Gold Fields Ltd. (GFI SJ), the world’s fourth-largest gold producer, surged 4.32 rand, or 4.2 percent, to 106.75 rand, the highest since June 3. Gold for immediate delivery advanced for a fourth day to a record. Harmony Gold Mining Co. (HAR SJ) jumped 6.82 rand, or 7.5 percent, to 97.52 rand, the biggest increase since March 24.

Growthpoint Properties Ltd. (GRT SJ), South Africa’s largest publicly traded real-estate investor, dropped for a fourth day, declining 30 cents, or 1.6 percent, to 18.40 rand. The property company said it will raise about 1.5 billion rand ($219.4 million) in a share sale that begins today.

Impala Platinum Holdings Ltd. (IMP SJ), the world’s second- largest producer of the metal, gained for the first day in eight, rising 2.20 rand, or 1.3 percent, to 172.20 rand. Platinum increased as much as 2.4 percent to $1,772.75 an ounce.

--Editors: Ana Monteiro, Linda Shen

To contact the reporters on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net; Mike Cohen in Cape Town at mcohen21@bloomberg.net;

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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