Bloomberg News

South African Stocks: Allied Technologies, AngloGold, Jasco Move

January 23, 2012

Jan. 20 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for a fifth day, its longest rally since October, adding 0.4 percent to 33,703.38 by the close in Johannesburg. The index has gained 2.4 percent this week.

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

Allied Technologies Ltd. (ALT SJ), a maker of television set-top boxes, dropped the most in eight months after saying yesterday that Jeffrey Hedberg resigned as group chief operating officer. The shares fell 5.2 percent to 52.50 rand.

AngloGold Ashanti Ltd. (ANG SJ), the continent’s biggest miner of the metal, fell for a third day, dropping 1.4 percent to 346.03 rand. Gold for immediate delivery slipped as much as 0.5 percent in London trading.

Gold Fields Ltd. (GFI SJ), Africa’s second-biggest gold producer, slid 1.9 percent to 123.79 rand, and Harmony Gold Mining Co. Ltd. (HAR SJ), South Africa’s third-biggest producer, declined 3.8 percent to 89.95 rand.

Coronation Fund Managers Ltd. (CML SJ), a Cape Town-based money manager, gained for a seventh day to a record high after saying it had 274 billion rand ($34.4 billion) of assets under management as of Dec. 31. The shares rose 1.6 percent to 25 rand.

Jasco Electronics Holdings Ltd. (JSC SJ), which invests in telecommunications companies, gained the most in eight months after saying earnings per share rose as much as 135 percent in the six months ended Dec. 31. The shares jumped 10 percent to 1.08 rand.

Trustco Group Holdings Ltd. (TTO SJ), a Windhoek, Namibia- based company with investments in insurance, education and financial services, climbed 3.3 percent to 1.27 rand after saying revenue rose 26 percent in the nine months ended 31 Dec.

--Editors: Linda Shen, Alex Nicholson

To contact the reporter on this story: Robert Brand in Cape Town at

To contact the editor responsible for this story: Gavin Serkin at

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