Bloomberg News

South Africa Shares: Anglo, BHP, AngloGold, Holdsport, Sasol

May 18, 2012

The FTSE/JSE Africa All Share Index (JALSH) declined 1 percent to 33,211.53 by 9:49 a.m. in Johannesburg. The index has lost 2.4 percent over the past five days and is headed for its worst week since Nov. 4.

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

Anglo American Plc (AGL) , the diversified miner that makes up about 8 percent of the index, dropped 1.6 percent to 267.40, the lowest in more than seven months. Standard & Poor’s GSCI index of commodities declined as much as 0.8 percent, a third day of losses. Separately, the stock was downgraded to sector perform, the equivalent of hold, from outperform at RBC Capital Markets.

BHP Billiton Ltd. (BIL) , the world’s biggest resources company, slid 1 percent to 255.55 rand.

AngloGold Ashanti Ltd. (ANG) , the third-largest producer of the metal, rose for a third day, advancing 1.5 percent to 272.97 rand. Gold priced in rand jumped as much as 1.2 percent to 13,274.56 an ounce, the highest in more than a month, as the South African currency declined for a ninth day against the dollar. South African gold miners sell their metal in dollars and pay costs in rand.

Holdsport Ltd. (HSP) , a retailer of sportswear and outdoor equipment, gained for a second day, adding 1.1 percent to 45 rand. Sales increased 9.8 percent to 1.24 billion rand ($150 million) in the year through February, the company said in a statement today.

Sasol Ltd. (SOL) , the largest producer of motor fuels made from coal, declined for a third day, dropping 1.2 percent to 353.48 rand. Oil fell for a sixth day in New York, heading for its third weekly decline, on concern demand will falter as Europe’s debt crisis worsens and the U.S. economy slows.

To contact the reporters 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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