Bloomberg News

South African Stocks: AngloGold, Gold Fields, Billiton

April 17, 2012

The FTSE/JSE Africa All Share Index (JALSH) advanced for the first time in three days, gaining 0.4 percent to 33,777.97 by the close in Johannesburg.

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

African Rainbow Minerals Ltd. (ARI) , a miner of gold and industrial metals, rose for the first time in three days, climbing 1.2 percent to 176.01 rand. Three-month copper rose as much as 1.1 percent, reversing an earlier 0.8 percent decline.

Anglo American Plc (AGL) , the diversified miner that makes up about 9 percent of the index, jumped 1.4 percent to 287.64 rand.

Palabora Mining Co. (PAM) , a South African copper producer, fell the most in more than two months, dropping 3.5 percent to 156 rand. Production of copper concentrate fell to 51,800 metric tons in the first fiscal quarter through March from 58,400 tons a year earlier, the company said after the market closed yesterday.

Uranium One Inc. (UUU) , a Vancouver-based producer of the nuclear fuel, climbed the most in more than two months, rising 6.2 percent to 22.32 rand. The stock was rated overweight, the equivalent of buy, at JPMorgan Chase & Co.

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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