South African Stocks Rise Led by BSI, Gold Fields, Sasol, Standard Bank
South Africa’s FTSE/JSE Africa All Share Index rose for a second day, adding 59.08, or 0.2 percent, to 27,526.23 at the close in Johannesburg, paring its weekly loss to 2.7 percent.
The following are among the most active stocks in the South African market today.
BSI Steel Ltd. (BSS SJ), a steel trader and processor, rose 3 cents, or 4.8 percent, to 65 cents. The company expects to report an increase in earnings for the six months through September, according to a stock exchange filing.
Gold Fields Ltd. (GFI SJ), Africa’s second-largest producer of the metal, fell 2 rand, or 1.9 percent, to 102.23 rand. Bullion prices declined as much as 0.2 percent to $1,210.53 an ounce, reversing earlier gains.
Harmony Gold Mining Ltd. (HAR SJ), Africa’s third-biggest producer of the precious metal, dropped 1.50 rand, or 1.9 percent, to 78.90 rand.
Sasol Ltd. (SOL SJ), the world’s biggest maker of motor fuel from coal, climbed 3.85 rand, or 1.4 percent, to 289.50 rand. Oil rose as much as 1.3 percent to $76.74 a barrel.
Standard Bank Group Ltd. (SBK SJ), Africa’s biggest lender, fell 3.44 rand, or 3.2 percent, to 103.50 rand. The company’s stock recommendation was reduced to “hold” from “buy” at Deutsche Bank AG by equity analyst Voyt Krzychylkiewicz.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.