Bloomberg News

South African Stocks: Anglo, Harmony, Litha, Sekunjalo

December 14, 2011

(Corrects spelling of Sekunjalo in headline, last paragraph.)

Dec. 14 (Bloomberg) -- The FTSE/JSE Africa All Share Index declined for a fifth day, the longest losing streak since August, falling 481.17, or 1.5 percent, to 31,727.03 at the close in Johannesburg.

The following are among the most active stocks in the South African market today. Stock symbols follow company names.

Accentuate Ltd. (ACE SJ) rose 7.7 percent to 70 cents, the highest since Dec. 5. The cleaning and maintenance company said it sold the operational assets and liabilities of CGA Fenestrations Ltd. to Wys Investments Ltd. for 9.6 million rand ($1.1 million).

Anglo American Plc (AGL SJ), the mining company that makes up more than 9 percent of the benchmark stock index, fell 2.4 percent to 297 rand, its biggest drop since Nov. 21. Copper fell to a two-week low in New York on speculation Europe’s debt crisis will erode demand for industrial metals. Federal Reserve Chairman Ben S. Bernanke signaled yesterday he’s concerned Europe’s crisis will hobble U.S. expansion.

BHP Billiton Ltd. (BIL SJ), the world’s biggest miner, dropped 2.3 percent to 239.01 rand, a sixth day of declines.

Bidvest Group Ltd. (BVT SJ) rose for the first time in three days, gaining 0.6 percent to 156.10 rand. Fitch Ratings upgraded the company’s senior unsecured rating to AA- from A+, the company said in a regulatory filing.

Harmony Gold Mining Co. (HAR SJ), Africa’s third-largest gold producer, fell the most in almost three months, sliding 5.1 percent to 101.25 rand. Harmony said it suspended its Hidden Valley joint-venture operation in Papua New Guinea after an earthquake today.

Litha Healthcare Group Ltd. (LHG SJ), a pharmaceutical developer and wholesaler, rose 1.5 percent to 2.69 rand, a fourth day of advances. The company said it entered into talks which may have a “material effect” on the share price.

Sekunjalo Investments Ltd. (SKJ SJ) rallied the most in three weeks, climbing 9.5 percent to 69 cents. The investment company said it acquired a 0.75 percent stake in Pioneer Foods Group Ltd. in a deal worth more than 95 million rand.

--Editors: Peter Branton

--Editors:

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net; Janice Kew in Johannesburg at jkew4@bloomberg.net

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


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