The FTSE/JSE Africa All Share Index (JALSH) rose for a third day, gaining 0.2 percent to 34,129.92 by 10:20 a.m. in Johannesburg.
The following are among the most active equities in the market today. Stock symbols follow company names.
BHP Billiton Ltd. (BIL) , the world’s biggest resources company, climbed for a second day, jumping 1.1 percent to 246.28 rand. Copper advanced in London, erasing an earlier decline, before a U.S. existing home sales report economists say will show growth.
Business Connexion Group (BCX) , an information and communications technology company, advanced the most in more than two weeks, increasing 2.2 percent to 4.70 rand. Fiscal full-year earnings per share will grow by more than 20 percent, the company said today.
Kumba Iron Ore Ltd. (KIO) , Africa’s biggest producer of the mineral, declined for the first time in four days, falling 0.4 percent to 533.80 rand. Domestic sales were “substantially” lower in the three months through March compared with the same period a year earlier, the company said in a production report today.
SABMiller Ltd. (SAB) , the world’s second-largest brewer, rallied to a record, adding 0.7 percent to 328.41 rand. Beer sales in Africa and Latin America offset a drop in Chinese consumption caused by wet weather, the company said in a trading update today.
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