By Janice Kew
Nov. 9 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index rose for a second day, gaining 411.56, or 1.6 percent, to 26,345.01 in Johannesburg.
The following were among the most active stocks in the South African market today.
BHP Billiton Ltd. (BIL SJ), the world’s largest mining company, had its biggest gain since Oct. 14, adding 6.79 rand, or 3.2 percent, to 219.61 rand. Anglo American Plc (AGL SJ) rallied 9.46 rand, or 3.2 percent, to 307.46 rand. Copper for delivery in three months rose as much as 1.7 percent to $6,597 a metric ton in London. Nickel, lead, zinc and aluminum prices also gained.
AngloGold Ashanti Ltd. (ANG SJ), the world’s third-biggest producer of the metal, rose for a second day, gaining 89 cents, or 0.3 percent, to 312.90 rand. Gold surged to a record as the weakening dollar prompted investors to increase bullion holdings as a store of value.
Raubex Ltd. (RBX SJ) gained 70 cents, or 2.9 percent, to 24.70 rand, its highest close since Oct. 29. The road builder said its fiscal first-half operating profit rose 11 percent to 440.2 million rand.
Sappi Ltd. (SAP SJ) rose for a third day, adding 25 cents, or 0.9 percent, to 28.90 rand. Ralph Boettger, chief executive officer of the world’s largest producer of glossy magazine paper, said paper and pulp prices may start increasing from January as conditions in the world economy improve.
Sasol Ltd. (SOL SJ), the world’s biggest maker of motor fuel from coal, advanced 3 rand, or 1 percent, to 295 rand. Crude oil climbed as much as 2.4 percent to $79.32 a barrel.
Sea Kay Holdings Ltd. (SKY SJ) fell 10 cents, or 25 percent, to 30 cents. It’s the company’s biggest decline since the stock started trading in August 2007. Moneyweb reported that the builder of low-cost houses said it may shut down because the government hasn’t paid it for work. The company has issued the government with a summons demanding 233 million rand ($32 million) in payments, the Johannesburg Internet news service reported, citing Executive Director Gerry Holtzhausen.
Holtzhausen didn’t immediately respond to messages seeking comment. The national government referred queries on the payments to the country’s provincial governments.
To contact the reporter on this story: Janice Kew in Johannesburg at jkew1@bloomberg.net.
Last Updated: November 9, 2009 10:27 EST
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