Stocks in South Africa Rise for Fifth Day: Gold Fields, Eqstra, Trans Hex

The FTSE/JSE Africa All Share Index rose for the fifth day, adding 5.5, or 0.02 percent, to 32,389.91 at the 5 p.m. close in Johannesburg.

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

Eqstra Holdings Ltd. (EQS) , which imports industrial and construction equipment, had its the strongest close since May 12, adding 20 cents, or 3.2 percent, to 6.50 rand after saying earnings per share will be at least 60 cents for the year ended June 30, compared with a loss per share of 19.6 cents a year earlier.

Gold Fields Ltd. (GFI) , Africa’s second-largest producer of the metal, gained 2.35 rand, or 2.1 percent, to 112.50 rand, snapping two days of declines. Gold added 0.2 percent to $1,539.40 an ounce in London, having risen 1 percent to $1,535.55 an ounce after the South African market closed on May 27, the highest since May 3.

Harmony Gold Mining Co. Ltd. (HAR SJ), the third-largest producer, jumped to the highest since May 3, advancing 1.35 rand, or 1.4 percent, to 94.85 rand.

Illovo Sugar Ltd. (ILV) , South Africa’s biggest sugar producer by market value, dropped 30 cents, or 1.2 percent, to 25.60 rand, snapping two days of increases. The company said it expected a “marginal” increase in sugar production after reporting net income fell 17 percent to 546 million rand ($79 million) in the year ended March 31.

Protech Khuthele Holdings Ltd. (PKH) , a civil engineering services provider, had its biggest one-day increase since March 24, adding 5 cents, or 11 percent, to 50 cents. The company said revenue rose 43 percent to 1.07 billion rand in the year ended Feb. 28. It has contracts worth 1.4 billion rand until 2013, the company said in a stock exchange statement.

Trans Hex Group Ltd. (TSX) had its biggest gain since May 10, rising 15 cents, or 5.7 percent, to 2.80 rand. The diamond producer said its South African operations posted a pretax profit of 116 million rand in the six months through March 31 from a pretax loss of 101 million rand in the prior six months.

UCS Group Ltd. (UCS) , an information technology provider, surged 5 cents, or 14 percent, to 41 cents, snapping two days of decreases, after saying it may delist its shares from the stock exchange.

To contact the reporter on this story: Robert Brand in Cape Town Nef at rbrand9@bloomberg.net

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

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