Bloomberg News

South African Stocks: African Dawn, Anglo, Jubilee, Telkom

September 29, 2011

Sept. 29 (Bloomberg) -- The FTSE/JSE Africa All Share Index fell for a second day, declining 650.14, or 2.1 percent, to 29,688.89 by the 5 p.m. close in Johannesburg. The index has retreated 6.8 percent this quarter, a second decrease.

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

African Dawn Capital Ltd. (ADW SJ), a financial services company, rose the most since at least February 2005, surging 6 cents, or 67 percent, to 15 cents. Earnings per share for the six months through August climbed as much as 136 percent, the company said in a trading statement.

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark stock index, dropped for the second day, sliding 4.04 rand, or 1.4 percent, to 282.10 rand. Copper retreated for a second day in London on concern a global recession will affect demand for industrial metals.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining company, fell 4 rand, or 1.8 percent, to 217 rand.

Jubilee Platinum Plc (JBL SJ) gained for the first time in six days, climbing 19 cents, or 11 percent, to 1.85 rand. The platinum miner with operations in five countries including South Africa said revenue rose as much as fivefold in the year ended June 30.

Standard Bank Group Ltd. (SBK SJ), Africa’s biggest lender, snapped two days of gains, falling 3.47 rand, or 3.6 percent, to 92.65 rand. The bank may buy Guaranty Trust Bank Plc. (GUARANTY NL), Nigeria’s second-biggest lender, as it grows its presence in Africa’s second largest economy, analysts say.

Telkom South Africa Ltd. (TKG SJ), the South African fixed- line operator controlled by the government, fell to its lowest in more than seven years, losing 1.70 rand, or 5.1 percent, to 31.50 rand after saying fiscal first-half profit plunged.

Wesizwe Platinum Ltd. (WEZ SJ) declined for the first day in three, dropping 1 cent, or 0.6 percent, to 1.78 rand. The platinum miner that is 45 percent owned by China’s Jinchuan Group Ltd. reported a first-half loss of 36.97 cents a share.

--Editors: Ana Monteiro, Peter Branton

ADW SJ <Equity> AGL SJ <Equity> BIL SJ <Equity> JBL SJ <Equity> SBK SJ <Equity> TKG SJ <Equity> WEX SJ <Equity>

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net or 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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