South African Stocks Advance For Third Day, Led by AfroCentric, AngloGold
South Africa’s FTSE/JSE Africa All Share Index advanced for a third day, increasing 97.36, or 0.3 percent, to 29,069.83 at the 5 p.m. close in Johannesburg.
The following are among the most active stocks in the South African market today.
AfroCentric Investment Corp. (ACT SJ), a South African investment company, gained the most in almost two weeks, rising 25 cents, or 17 percent, to 1.75 rand. AfroCentric proposed a distribution of 7.5 cents per share.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest producer of the metal, climbed for a second day, increasing 4 cents, or less than 0.1 percent, to 321.99 rand. Gold for immediate delivery rose to a record, trading for as much as $1,313.45 an ounce.
Clicks Group Ltd. (CLS SJ), the owner of South Africa’s largest chain of pharmacies, rallied the most since March, advancing 2.44 rand, or 6.1 percent, to 42.33 rand. Earnings for the year through August will be between 25 percent and 30 percent higher than a year earlier, the company said.
Impala Platinum Holdings Ltd. (IMP SJ), the world’s second- largest producer of the metal added 50 cents rand, or 0.3 percent, to 176.50 rand. Platinum for immediate delivery gained as much $18 to $1,653.75 an ounce, the highest since May 18.
Sasol Ltd. (SOL SJ), the largest maker of automotive fuel from coal, gained 1.70 rand, or 0.6 percent, to 312.50 rand. Oil rose in New York as an increase in Chinese manufacturing and a decline in U.S. supply bolstered speculation fuel demand is rising in the world’s two biggest energy users.
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