Bloomberg News

South African Stocks: Anglo, AngloGold, Capital Shopping, Sasol

October 24, 2011

Oct. 24 (Bloomberg) -- The FTSE/JSE Africa All Share Index rose to its highest in almost three months, gaining 204.32, or 0.7 percent, to 31,654.31 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 about 9 percent of the benchmark stock index, climbed to the highest closing price in more than a week, gaining 1.9 percent to 292.49 rand. Industrial metals rose for a second day in London as figures showed manufacturing may swell in top global consumer China.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, added 2.5 percent to 251.00 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the precious metal, rose for the first time in three days, climbing 1.5 percent to 334.00 rand. Gold rose for a second day in London as concern about Europe’s debt crisis and monetary policy in the U.S. spurred demand for the metal as a protection of wealth.

Harmony Gold Mining Co. (HAR SJ), the continent’s third- largest gold company, gained 1.8 percent to 96.50 rand. Separately, the company said in its annual report it expects gold to trade at about $1,850 an ounce in the year through June.

Capital Shopping Centres Group Plc (CSO SJ), the U.K.’s largest shopping mall owner, advanced to its highest in three months, adding 1.1 percent to 42.85 rand. The group was raised to “neutral” from “underperform” at Credit Suisse Group AG, with a price estimate of 376 pence.

Central Rand Gold Ltd. (CRD SJ), a gold miner, gained 17 percent to 7 cents after South Africa’s Mines Minister Susan Shabangu temporarily suspended her decision to cancel its mining rights, allowing to company to resume mining while a court dispute continues.

Great Basin Gold Ltd. (GBG SJ), a Vancouver-based miner with operations in South Africa and the U.S., declined 3.5 percent to 12.25 rand, the lowest in two weeks after saying gold production at its Hollister, Nevada mine fell in the three months ended Sept. 30.

Metmar Ltd. (MML SJ), a metals and chemicals trader, dropped the most in three weeks, losing 4.2 percent to 2.75 rand after saying earnings dropped as much as 31 percent in the year through August.

Sanyati Holdings Ltd. (SAN SJ), a construction company, had its biggest gain in more than two months, surging 16 percent to 22 cents after saying it has “close prospects” of contracts worth 1.5 billion rand ($191 million).

Seardel Investment Corp. Ltd. (SER SJ), which has interests in clothing manufacturers, consumer electronics and property investment services, advanced the most in a month, rising 6.7 percent to 80 cents after saying it will report a profit of as much as 2 cents a share for the six months ended Sept. 30, from a loss of 10.1 cents a year earlier.

Sasol Ltd. (SOL SJ), the biggest producer of gasoline from coal, gained to its highest in more than three months, climbing 2 percent to 365.00 rand. Oil advanced for a second day in New York as European leaders made progress with their debt rescue fund, while economic data from Asia signaled that growth is holding up in the region’s two biggest crude consumers.

--Editors: Ana Monteiro, Linda Shen

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net Robert Brand in Cape Town at rbrand9@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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