South African Stocks: Anglo American, BHP Billiton, Impala


Feb. 8 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index snapped two days of losses, adding 248.90, or 1 percent, to 26,041.96 in Johannesburg.

The following are among the most active stocks in the South African market today.

Anglo American Plc (AGL SJ), the diversified mining company that makes up about 11 percent of the of South Africa’s benchmark index, rose 3.95 rand, or 1.4 percent, to 276.41 rand, paring earlier gains. Copper for three-month delivery on the London Metal Exchange advanced as much as 3.1 percent. Prices of zinc, aluminum and lead also climbed. BHP Billiton Ltd. (BIL SJ), the world’s largest mining company, added 3.62 rand, or 1.7 percent, to 222 rand.

Anglo Platinum Ltd. (AMS SJ), the largest producer of the metal, rallied 45 rand, or 6.5 percent, to 733 rand, the most in more than six months, after saying it will repay debt following its raising of 12.5 billion rand ($1.62 billion) through a rights offer that has been underwritten by parent company Anglo American Plc.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest producer of the commodity, added 7.75 rand, or 2.8 percent, to 281 rand. Gold for immediate delivery added as much as 2 percent to $1,073.93 an ounce.

Impala Platinum Holdings Ltd. (IMP SJ), the second-largest producer of the metal, increased 21 cents, or 0.1 percent, to 183.50 rand, paring an earlier gain of 5 percent. Platinum climbed as much as 1.3 percent to $1,493.75 an ounce.

To contact the reporter on this story: Nicky Smith in Johannesburg at nsmith38@bloomberg.net

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