Bloomberg News

South African Stocks: Anglo, AngloGold, Richemont, Sekunjalo

January 16, 2012

Jan. 16 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced 0.3 percent to 33,018.93 by 12:24 p.m. in Johannesburg. The index gained 0.5 percent last week.

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

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark, rose for a third day, adding 0.5 percent to 319.85 rand. Copper advanced on speculation that surging orders to remove the metal from warehouses signalled a revival in global demand.

African Rainbow Minerals Ltd. (ARI SJ), a diversified mining group, gained 0.8 percent to 175.36 rand.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, rose 0.5 percent to 353.81 rand. Gold for immediate delivery climbed as much as 0.5 percent to $1,646.80 an ounce, after earlier dropping 0.5 percent.

Cie. Financiere Richemont SA (CFR SJ), the world’s second- largest luxury goods maker, headed for its highest close in more than a month, climbing 2.3 percent to 43.90 rand. The company reported third-quarter revenue rose 24 percent, boosted by increased sales of Vacheron Constantin timepieces and Cartier jewelry in Asia.

Sekunjalo Investments Ltd. (SKJ SJ) gained 3.1 percent to 66 cents. The investment company said it was still in talks that may have a material effect on the price of its securities.

--Editors: Wojciech Moskwa, Peter Branton

To contact the reporters on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net;

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


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus