By Janice Kew
Nov. 4 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index rose for the first time in four days, adding 168.90, or 0.7 percent, to 25,924.50 at the close in Johannesburg.
The following are among the most active stocks in the South African market today.
African Dawn Capital Ltd. (ADW SJ) fell 20 cents, or 25 percent, to 60 cents, its steepest decline since at least Feb. 1, 2005, when Bloomberg began tracking the stock. The investment company said it may restate results for the year through February to show a loss of 1.09 rand a share, after previously reporting earnings of 87.9 cents a share. African Dawn also said that the board has “initiated a forensic investigation into certain of the circumstances” that resulted in the earnings adjustments.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest gold producer, climbed 12.36 rand, or 4.1 percent, to 315.26 rand, its biggest rally in a month. Gold Fields Ltd. (GFI SJ), the second-largest, rose 6 rand, or 5.9 percent, to 107.50 rand. Harmony Gold Mining Co., South Africa’s third-largest gold producer, increased 5.59 rand, or 7.3 percent, to 82 rand.
Bullion climbed to a record $1,095.80 an ounce as a weaker dollar boosted the metal’s appeal as an alternative investment and on speculation that central banks may buy more bullion after India’s central bank purchased 200 metric tons from the International Monetary Fund last month. Holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, rose by the most in almost a month yesterday.
Anglo American Plc (AGL SJ) added 4.30 rand, or 1.5 percent, to 293.50 rand, reversing yesterday’s 1.3 percent drop. BHP Billiton Ltd. (BIL SJ), the world’s largest mining company, increased 1.74 rand, or 0.8 percent, to 213 rand. Copper for delivery in three months rallied as much as 2.6 percent to $6,625 a metric ton in London. Nickel, lead, zinc and aluminum prices also gained.
Avusa Ltd. (AVU SJ) slumped 1 rand, or 4.8 percent, to 20 rand, extending yesterday’s 4.6 percent drop. The media and entertainment company said it expects earnings per share excluding items in the six months to end-September to be between 55 percent and 65 percent lower than in the corresponding period last year.
Esorfranki Ltd. (ESR SJ) rose for the first time in four days, adding 8 cents, or 1.9 percent, to 4.20 rand. The provider of engineering services said net income increased 69 percent to 93.8 million rand ($12.1 million).
JD Group Ltd. (JDG SJ) dropped 1.72 rand, or 4.1 percent, to 40.49 rand, its lowest close in two months. The furniture retailer said annual earnings per share declined by as much as 90 percent.
TWP Holding Ltd. (TWP SJ) lost 15 cents, or 2.4 percent, to 6 rand, the biggest retreat since Oct. 16. The supplier of equipment and engineering services to mines said first-half revenue fell to 485.4 million rand, from 515.7 million a year earlier.
To contact the reporter on this story: Janice Kew in Johannesburg at jkew1@bloomberg.net.
Last Updated: November 4, 2009 11:34 EST
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