South African Stocks: Anglo, BHP Billiton, Richemont, Sasol

The FTSE/JSE Africa All Share Index rose for the first day in three, adding 353.69, or 1.2 percent, to 30,680.23 by the 5 p.m. close in Johannesburg. The measure ended the week 0.04 percent higher, snapping three weeks of declines.

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

Anglo American Plc (AAL) , the diversified mining company that makes up 10 percent of the benchmark stock index, erased most of yesterday’s loss, rallying 5.91 rand, or 1.9 percent, to 315.40 rand. Metals rose after European leaders showed support for Greece, easing concern a default may hurt global growth. Copper snapped two days of declines, adding as much as 2.1 percent to $9,145 a metric ton.

BHP Billiton Ltd. (BHP) , the world’s biggest mining Company, surged to its highest close since June 15, gaining 6.54 rand, or 2.7 percent, to 253 rand.

AngloGold Ashanti Ltd. (ANG) , Africa’s largest gold producer, declined for a second day, falling 3.64 rand, or 1.3 percent, to 278.49 rand. Spot gold dropped 0.9 percent to $1 507.60 an ounce.

DRD Gold Ltd. (DRD SJ), South Africa’s fourth largest producer, fell 8 cents, or 2.6 percent, to 2.99 rand.

Compagnie Financiere Richemont SA (CFR SJ), a luxury watch maker, closed at its highest in almost three weeks, increasing 1.07 rand, or 2.5 percent, to 43.12 rand. Swiss watch exports surged 32 percent in May from a year earlier, an industry federation said yesterday. Growth in global luxury goods sales is likely to rise 15 percent this year and 11 percent in 2012 versus the industry average of 7 percent to 8 percent expansion, HSBC Holdings Plc analysts wrote in a note to clients.

Platmin Ltd. (PPN) , a platinum miner, fell 35 cents, or 7.3 percent, to 4.45 rand, the lowest since March 22. The company suspended mining at its Pilanesburg platinum mine in South Africa after employees of one of its mining contractors “illegally disrupted” operations, it said in a statement.

Sasol Ltd. (SOL) , the world’s largest maker of vehicle fuel from coal, gained for the first day in three, adding 2.99 rand, or 0.9 percent, to 341.99 rand. Oil rose as much as 1.3 percent to $92.34 a barrel on concern that producers may reduce output.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

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

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