South Africa’s FTSE/JSE Africa All Share Index rose the most in two weeks, climbing 308.61, or 1 percent, to 31,965.24 at the 5 p.m. close in Johannesburg.
The following were among the most active stocks in the South African market today.
Anglo American Plc (AGL SJ), the diversified mining company that makes up 10 percent of South Africa’s benchmark stock index, jumped the most since Jan. 12, adding 9.25 rand, or 2.7 percent, to 353 rand. Copper climbed as much as 1.4 percent to $9,380 a metric ton. BHP Billiton Plc (BIL SJ), the world’s largest mining company, gained 6.49 rand, or 2.4 percent, to 275.53 rand.
Barloworld Ltd. (BAW SJ), the world’s largest forklift trader, gained the most since Jan. 21, increasing 45 cents, or 0.7 percent, to 67.50 rand. The company said first-quarter 2011 results have improved “considerably,” compared to the corresponding quarter last year.
Country Bird Holdings Ltd. (CBH SJ), a chicken producer, climbed for a second day, adding 5 cents, or 1.4 percent, to 3.60 rand. The company said operating profit for the six months through December increased 37 percent to 112.8 million rand ($16 million) compared with a year earlier.
Iliad Africa Ltd. (ILA SJ), a building materials distributor, slumped 63 cents, or 7.3 percent, to 8 rand, the lowest since Dec. 17. The company said finance director Neil Goosen sold 2.7 million rand ($380,000) of the company’s shares.
Jubilee Platinum Plc (JBL SJ), a mineral exploration company, increased for the first day in five, advancing 9 cents, or 2.5 percent, to 3.74 rand. Jubilee said in a statement it paid 27.5 million rand for a 51 percent stake in Power Alt, a power supply company.
Platfields Ltd. (PLL SJ), a South African platinum explorer, rallied to the highest in almost a week, surging 4 cents, or 12 percent, to 37 cents. The company agreed to buy half of the prospecting rights on the Leeuwkop farm in the nation’s northern Limpopo province for as much as 40 million rand.
SA French Ltd. (SFH SJ), an importer of materials handling equipment, dropped the most since Dec. 2, losing 2 cents, or 25 percent, to 6 cents. The company extended a cautionary notice and said it signed two loan agreements totaling 7.5 million rand with AfrAsia Corporate Finance Ltd.
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