Equities in South Africa Rise for Second Day, Led by BHP Billiton, Impala
Stock Chart for Impala Platinum Holdings Ltd (IMP)
South Africa’s FTSE/JSE Africa All Share Index advanced for a second day, adding 357.86, or 1.2 percent, to 31,145.18 at the 5 p.m. close in Johannesburg.
The following were among the most active stocks in the South African market today.
Anglo Platinum Ltd. (AMS SJ), the world’s biggest producer of the metal, rose the most since Oct. 29, increasing 20.34 rand, or 3 percent, to 696 rand. Platinum rose as much as 1.9 percent to $1,717.90 an ounce. Impala Platinum Holdings Ltd. (IMP SJ), the world’s second-largest producer, rose 7.73 rand, or 3.7 percent, to 218.48 rand, a second day of gains.
BHP Billiton Ltd. (BIL SJ), the world’s largest mining company, advanced for a second day, gaining 3.81 rand, or 1.5 percent, to 262.49 rand. The price of copper, lead, tin, nickel and zinc rose on the London Metal Exchange.
Santam Ltd. (SNT SJ) rose for a third day in four, advancing 3.01 rand, or 2.3 percent, to 133 rand. South Africa’s largest property and casualty insurer yesterday said its overall underwriting performance remains “very pleasing,” with low incidences of industrial accident and fire-related claims.
Standard Bank Group Ltd. (SBK SJ) fell for a third day in four, declining 1.63 rand, or 1.6 percent, to 101.88 rand. Africa’s biggest lender, said full-year profit may fall as much as 12 percent as revenue came under pressure and it incurred “substantial” costs to cut 1,745 jobs.
Wescoal Holdings Ltd. (WSL SJ), a miner and trader of the fuel, rose for a second day, adding 3 cents, or 2.6 percent, to 1.18 rand. Wescoal said net income rose 59 percent to 11.7 million rand ($1.7 million) in the six months through September.
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