Bloomberg News

South African Stocks: Anglo, Aspen, FirstRand, Impala, Petmin

September 13, 2011

Sept. 13 (Bloomberg) -- The FTSE/JSE Africa All Share Index rose for the first day in three, gaining 176.96, or 0.6 percent, to 30,032.71 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 mining company that makes up about 9 percent of the benchmark stock index, advanced for the first time in three days, adding 4.94 rand, or 1.8 percent, to 279.30. Copper rose in New York on reduced concern about Europe’s sovereign-debt crisis amid reports that China may invest in Italy and on a mine strike in Peru.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, increased 3.28 rand, or 1.5 percent, to 226.84 rand.

Aspen Pharmacare Holdings Ltd. (APN SJ), the largest maker of generic medicines in the southern hemisphere, gained for the first time in three days, adding 1.79 rand, or 2.1 percent, to 88.80 rand. Profit climbed 30 percent to 2.58 billion rand ($349.6 million) in the year through June, the company said.

Comair Ltd. (COM SJ), an air carrier partly owned by British Airways Plc, closed at its lowest in more than a year, dropping 10 cents, or 4.8 percent, to 2 rand. Net income dropped to 77 million rand compared with 89.7 million rand a year earlier, the company said in a regulatory filing today.

FirstRand Ltd. (FSR SJ), South Africa’s second-largest banking group, snapped two days of decreases, adding 55 cents, or 2.7 percent, to 20.60 rand. The bank said it will pay a special dividend of 70 cents per share after fiscal full-year profit climbed.

Impala Platinum Holdings Ltd. (IMP SJ), the world’s second- biggest platinum miner, declined for a fourth day, slipping 1.38 rand, or 0.9 percent, to 160.62 rand. The company’s Zimbabwe unit will submit a revised plan to meet the government’s ownership law by Nov. 15, said David Brown, Impala’s chief executive officer.

Petmin Ltd. (PET SJ), South Africa’s largest anthracite coal miner, rose 8 cents, or 2.9 percent, to 2.80 rand. The company said it sold its SamQuarz Ltd. silica mine in Mpumalanga for 259 million rand in cash to Thaba Chueu Mining Ltd., a unit of Spain’s Grupo Ferroatlantica SL.

Sasol Ltd. (SOL SJ), the world’s largest producer of motor fuel from coal, advanced for the first time in three days, climbing 6.50 rand, or 2 percent, to 329 rand. Oil rose for a second day in New York before data forecast to show that crude supplies declined a second week in the U.S., the largest consumer of the commodity.

--Editors: Linda Shen, 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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