Bloomberg News

South African Shares: Anglo, Aquarius, Old Mutual, Sasol Move

June 22, 2012

The FTSE/JSE Africa All Share Index (JALSH) declined for a second day, dropping 1.2 percent to 34,118.87 by the close in Johannesburg. The gauge has advanced 0.5 percent this week, having reached a record on June 20.

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

Anglo American Plc (AGL) , the diversified miner that owns 77 percent of the world’s biggest platinum miner, slid 2.2 percent to 270.36 rand, a second day of losses, as the metal declined.

Aquarius Platinum Ltd. (AQP) , the producer of the metal that has suspended operations at two mines in the past two weeks, declined to the lowest on record in Johannesburg trading, slumping 5 percent to 6.65 rand.

Old Mutual Plc (OML) , the U.K.’s third-biggest life insurer, fell the most in three weeks, dropping 1.4 percent to 20.41 rand. Shares in banks and insurers weakened in Europe after Moody’s Investor Services cut credit ratings for Credit Suisse Group AG, Morgan Stanley and 13 other banks.

Sasol Ltd. (SOL) , the largest producer of motor fuels made from coal, declined to the lowest close in more than a month, sliding 2.7 percent to 353 rand. The company said it had to clear its Sasolburg plant in South Africa yesterday because of a sulphur spillage.

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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