Bloomberg News

South African Stocks: Anglo American, Aspen, BHP, Hulamin, Mondi

July 22, 2011

July 22 (Bloomberg) -- The FTSE/JSE Africa All Share Index fell 26.06, or 0.1 percent, to 32,099.73 by 1:12 p.m. in Johannesburg. That brings the week’s decline to 0.6 percent, the first in five weeks.

The following are 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 to its highest in two weeks, gaining 5.71 rand, or 1.7 percent, to 337.83 rand. Copper climbed in London for the first day in three as an agreement on new aid for Greece eases concern about Europe’s debt crisis and a strike at Chile’s Escondida, the world’s biggest copper mine, fuels speculation supply might fall short of demand.

BHP Billiton Ltd. (BIL SJ), the world’s biggest mining group, advanced to its highest in a week, gaining 2.81 rand, or 1.1 percent, to 265.01 rand.

Aspen Pharmacare Holdings Ltd. (APN SJ), the largest maker of generic medicines in the southern hemisphere, fell for the first time in four days, dropping 1.69 rand, or 2 percent, to 84.81 rand. The company was rated “underperform” in new coverage at Credit Suisse AG by equity analyst Mark Wadley, with a price estimate of 82.50 rand.

First Uranium Corp. (FUM SJ), a Toronto-based company that mines gold as well as uranium, jumped the most in eight months, rising 95 cents, or 32 percent, to 3.90 rand. AngloGold Ashanti Ltd. (ANG SJ) will buy a 19.79 percent stake in First Uranium for about 205 million rand ($30 million) from Village Main Reef Ltd. (VIL SJ). Village Main Reef was unchanged at 1.20 rand. AngloGold declined 1 rand, or 0.3 percent, to 300 rand.

Hulamin Ltd. (HLM SJ), Africa’s largest maker of fabricated aluminum products, rose for the first time in a week, gaining 10 cents, or 1.4 percent, to 7.45 rand. The group said it will be able to provide for its own raw material needs even if BHP Billiton halts its supply of so-called rolling slabs in June next year.

Mondi Ltd. (MND SJ), Europe’s largest maker of office paper, headed for its highest close in a week, increasing 1 rand, or 1.8 percent, to 55.50 rand. So-called underlying operating profit for the first half of the fiscal year will be “considerably higher” than a year earlier, the group said in a trading statement today.

Royal Bafokeng Platinum Ltd. (RBP SJ), a producer of the metal, rose the most in more than three weeks, advancing 75 cents, or 1.3 percent, to 59.75 rand. The group expects to report earnings per share of between 95 cents and 110 cents for the six months to June 30, it said in a trading statement.

--Editors: Ana Monteiro, John Kohut

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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