Feb. 24 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for a second day, gaining 0.5 percent to 34,260.76 by the close in Johannesburg. That also brought the gauge’s gain for the week to 0.5 percent.
The following were among the most active equities in the South African market today. Stock symbols follow company names.
Aquarius Platinum Ltd. (AQP SJ), the fourth-biggest platinum miner, slid 6.6 percent to 16.50 rand, the lowest in more than three years. Zimbabwe rejected its plan to sell a stake in its Mimosa Holdings Pty Ltd. joint venture with Impala Platinum Holdings Ltd. to black Zimbabweans, the company said in a regulatory filing today.
Impala Platinum Holdings Ltd. (IMP SJ), the second-largest producer, added 0.8 percent to 167.60 rand.
Massmart Holdings Ltd. (MSM SJ), a retailer controlled by Wal-Mart Stores Inc., dropped 2.3 percent to 174.47 rand, the biggest fall since Oct. 4. The stock was cut to “underperform” from “neutral” at Macquarie Research, with a 160-rand price estimate.
Northam Platinum Ltd. (NHM SJ), the operator of the world’s deepest platinum mine, climbed to its highest in more than two weeks, gaining 1.8 percent to 33.50 rand. Earnings more than doubled to 198 million rand ($26 million) in the six months through December, the company said in a regulatory filing today.
Sabvest Ltd. (SBV SJ), an investment holding company, closed at the highest in almost nine months, rising 2.7 percent to 9.50 rand. Earnings per share rose 15 percent to 176.6 cents in the year through December, the company said in a stock exchange announcement today.
Sasol Ltd. (SOL SJ), which produces 40 percent of South Africa’s motor fuel, increased 0.5 percent to 400.50 rand, its third rise this week. Oil advanced a seventh day, the longest winning streak since January 2010, on signs of economic recovery from the U.S. to Germany and concern escalating tension with Iran threatens crude supplies.
--Editors: Peter Branton, Linda Shen
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