Bloomberg News

South African Stocks: Adcock Ingram, AngloGold, BHP Billiton

July 05, 2012

The FTSE/JSE Africa All Share Index (JALSH) advanced for a third day, adding 0.7 percent to 34,275.90 by 1:10 p.m. in Johannesburg.

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

Anglo American Plc (AAL) , the diversified miner that makes up about 8 percent of the benchmark index, rose to a two- week high, jumping 1.6 percent to 277.37 rand. Copper rose, reversing an earlier decline, after China cut its benchmark lending rate.

BHP Billiton Ltd. (BIL) , the world’s biggest commodity producer, gained 0.8 percent to 240.56 rand.

Adcock Ingram Holdings Ltd. (AIP) , a maker of generic medicines, fell for the first time in four days, dropping 1.3 percent to 59.99 rand. The stock was reinstated underperform at Bank of America Corp. with a 53 rand price estimate.

AngloGold Ashanti Ltd. (ANG) , Africa’s largest producer of the metal, rose for a second day, adding 0.4 percent to 277.37 rand. Advanced technological mining processes are benefiting the company’s performance, Chief Executive Officer Mark Cutifani said today in a speech in Sydney.

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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