Bloomberg News

South African Stocks: Absa, Anglo, Aquarius, FirstRand Move

February 01, 2012

Feb. 1 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for a second day, rising 0.5 percent to 33,975.49 by 1:03 p.m. in Johannesburg. The index gained 5.7 percent last month, its best January since 2006.

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

Absa Group Ltd. (ASA SJ), the South African bank controlled by Barclays Plc, gained for a second day, adding 0.9 percent to 149.54 rand. Full-year profit climbed as much as 22 percent, the lender said in a trading statement, beating the average estimate of 18 analysts in a Bloomberg survey.

Anglo American Plc (AGL SJ), the diversified miner that accounts for 9 percent of the benchmark index, rose for a second day, adding 0.9 percent to 327.98 rand. Copper rose in London, extending its best start to a year since 2008, as stronger gauges of manufacturing in China and India bolstered demand prospects.

Aquarius Platinum Ltd. (AQP SJ), the fourth-biggest platinum miner, declined 0.4 percent to 19.99 rand, a third day of losses. The stock was cut to “underperform” from “neutral” at Exane BNP Paribas.

FirstRand Ltd. (FSR SJ), South Africa’s second-largest banking group, gained 0.9 percent to 22.75 rand, a second day of gains. Credit Suisse AG raised its 12-month price estimate for the stock to 24 rand from 22.50 rand.

Metrofile Holdings Ltd. (MFL SJ), a filing and document- management company, climbed 4.4 percent to 2.85 rand, its biggest gain in more than a month. Earnings per share for the six months through December rose as much as 22 percent, the company said in a trading statement.

New Europe Property Investments Plc (NEP SJ), a property investment group, rose for the first time in four days, adding 0.7 percent to 34.25 rand. The company said its dividend per share for the six months through December will be as much as 15 percent higher than a year earlier.

SacOil Holding Ltd. (SCL SJ), an African oil and natural- gas explorer, rallied to its highest in more than two months, jumping 12 percent to 57 cents. The company raised 5 million rand ($638,000) through a share issue to Peregrine Securities Pty Ltd. at 45 cents per share.

--Editors: Peter Branton, Linda Shen

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

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


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