South Africa Stocks Climb For a Fourth Day; AngloGold Jumps to Month-High
The following were among the most active stocks in the South African market today.
Andulela Investment Holdings Ltd. (AND) , the investment group, had its biggest decline this year, dropping 9 cents, or 47 percent, to 10 cents. Andulela said amendments were made to conditions for its acquisition of Pro Roof Steel Merchants Ltd.
AngloGold Ashanti Ltd. (ANG) , the world’s third-largest gold producer, rose to the highest in a month, gaining 6.76 rand, or 2 percent, to 338 rand. Gold climbed to a record for a second day as the sovereign-debt crisis in Europe deepened after Moody’s Investors Service cut Portugal’s credit rating and higher grain and oil prices worsened the inflation outlook. Gold Fields Ltd. (GFI) , the fourth-biggest producer, rallied for a seventh day, the longest streak of gains since September 2007, adding 2.75 rand, or 2.3 percent, to 123.50 rand. Harmony Gold Mining Co. (HAR SJ), Africa’s third-largest producer, snapped two days of losses to advance 3.15 rand, or 3.2 percent, to 103.25 rand.
Basil Read Holdings Ltd. (BSR) , the construction company, increased the most in 18 months, rising 66 cents, or 5.6 percent, to 12.50 rand. The company said its Majwe joint venture was awarded a “multi-billion rand” mining services contract by Debswana Diamond Co. in Botswana.