South African Stocks Decline For Second Day, Led by Anglo American and BHP

South Africa’s FTSE/JSE Africa All Share Index dropped for a second day, falling 322.83, or 1 percent, to 32,121.37 as of 2:37 p.m. in Johannesburg.

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

BHP Billiton Plc (BIL SJ), the world’s biggest mining company, snapped two days of increases, losing 4.05 rand, or 1.5 percent, to 274.55 rand. Copper declined to the lowest level in almost a month on concern that escalating geopolitical tensions may derail the economic recovery. Anglo American Plc (AGL SJ), the London-based mining and natural resources company that makes up 11 percent of the index, retreated 4.40 rand, or 1.2 percent to 366.60 rand, a second day of decreases.

EOH Holdings Ltd. (EOH SJ), a South African information technology company, gained the most in eight weeks, jumping 65 cents, or 3.9 percent, to 17.50 rand. The company said fiscal first-half earnings per share rose as much as 40 percent in period ended January.

Transpaco Ltd. (TPC SJ), a South African paper and packaging distributor, rallied the most since Feb. 17, climbing 40 cents, or 3 percent, to 13.60 rand. Transpaco said earnings per share rose 14 percent to 1.42 rand in the first half through December.

Vivendi Income Fund Ltd. (VIF SJ), a commercial, retail and industrial property investor, snapped two days of losses, rising 9 cents, or 1.9 percent, to 4.75 rand. Vivendi said it has agreed to buy the Rynfield Shopping Centre, based in the Gauteng province, for 31.5 million rand ($212,000).

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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