Stocks in South Africa Rise for a Second Day, Led by BHP, Sacoil, RMB Move
South Africa’s FTSE/JSE Africa All Share Index rose for a second day, gaining 136.01, or 0.4 percent, to 32,486.13 at 11:24 a.m. in Johannesburg, taking its advance this week to 1.6 percent.
The following are among the most active stocks in the South African market today.
BHP Billiton Plc (BIL) , the world’s biggest mining company, rallied for a second day, adding 2.81 rand, or 1 percent, to 282.21 rand. Copper gained for a third day, rising 0.5 percent to $9,962 a metric ton and taking its increase this week to 2.1 percent, the first in four.
RMB Holdings Ltd. (RMH) , an investment holding company, snapped three days of losses, jumping 35 cents, or 0.9 percent, to 37.85 rand. Today is the last day to trade in the company’s shares on the JSE in order to participate in the unbundling of its interest in RMI Holdings, before the latter is listed on the exchange.
SacOil Holdings Ltd. (SCL SJ), the oil and natural gas explorer that is developing oil wells in Nigeria and the Democratic Republic of the Congo, jumped to the highest level since May 1998, climbing 18 cents, or 8.3 percent, to 2.34 rand. Oil headed for a third weekly advance on concern political unrest that has curbed crude production and exports in Libya will spread across the Middle East.
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