Bloomberg News

South African Stocks: Anglo American, AngloGold, Lonmin Move

January 27, 2012

Jan. 26 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for the first time in three days, rising 1.2 percent to 34,035.26 as of 12:31 p.m. in Johannesburg, a record.

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 diversified miner that accounts for about 9 percent of the index, rose for a second day, adding 1.4 percent to 334.50 rand. The company said iron- ore output increased 5 percent in its fiscal fourth quarter.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, headed for its biggest gain in almost two months, rising 3.5 percent to 352 rand. Gold climbed to the highest in more than six weeks after the Federal Reserve said it’s considering more asset purchases and expects “exceptionally low” interest rates through at least late 2014.

Gold Fields Ltd. (GFI SJ), South Africa’s second-largest gold miner, advanced 5.2 percent to 130.13 rand. Harmony Gold Mining Co. Ltd. (HAR SJ) rallied 4.5 percent to 94.90 rand.

KAP International Holdings Ltd. (KAP SJ), an investment company, increased the most in almost a month, climbing 6.6 percent to 3.09 rand. Steinhoff International Holdings Ltd. offered to swap KAP shares for control of JD Group Ltd., a South African furniture retailer.

Steinhoff International Holdings Ltd. (SHF SJ), Africa’s largest furniture maker, added 0.2 percent to 24.94 rand.

Lonmin Plc (LON SJ), the third-biggest platinum miner, climbed 3.4 percent to 133.66 rand, its highest in more than a month, after saying first-quarter platinum sales rose 40 percent.

--Editors: Peter Branton, Ana Monteiro

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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