Stocks in South Africa Fall for Second Day, Led by Anglo American, Impala

The FTSE/JSE Africa All Share Index fell for a second day, losing 157.31, or 0.5 percent, to 31,845.02 at the 5 p.m. close in Johannesburg.

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

Anglo American Plc (AGL) , the diversified mining company that makes up 10 percent of the benchmark stock index, dropped 5.11 rand, or 1.5 percent, to 331.39 rand, the lowest since June 28. Prime Minister Julia Gillard said yesterday polluters in Australia will pay A$23 ($24.74) per metric ton of carbon emissions. The Australian Coal Association said overseas coal buyers may switch to other nations, forcing mine closures.

Anglo American Platinum Ltd. (AMS SJ), the world’s largest producer of the metal, retreated to the weakest since August 2009, dropping 13.71 rand, or 2.2 percent, to 600.29 rand as the price of the metal decreased a second day in London to $1,727 an ounce.

Impala Platinum Holdings Ltd. (IMP) , the world’s second- largest platinum producer, fell for a sixth day, slipping 3.20 rand, or 1.8 percent, to 171.80 rand

Metorex Ltd. (MTX) retreated for the first day in three, losing 28 cents, or 3.2 percent, to 8.40 rand. Metorex said it received written notice from Vale SA that the Brazilian company doesn’t intend to amend its offer for the South African copper producer.

Mondi Ltd. (MND) , Europe’s largest maker of office paper, climbed for a third day, adding 47 cents, or 0.9 percent, to 53.97 rand. Mpact Ltd. (MPT SJ), the South African packaging company spun out of Mondi Group, was listed on the main board of the Johannesburg stock exchange today. The stock closed trading at 13.60 rand.

Pretoria Portland Cement Co. (PPC SJ), South Africa’s biggest cement producer, rose 42 cents, or 1.5 percent, to 27.61 rand, the highest since Feb. 28. The Cement & Concrete Institute, a Johannesburg-based industry body, said South African cement sales rose 10.2 percent in June compared with a year earlier.

SacOil Holding Ltd. (SCL) , an oil and gas explorer, fell for a second day, losing 4 cents, or 4.8 percent, to 79 cents. Oil fell to the lowest level in a week in New York as concern that the European debt crisis will spread to Italy caused the euro to tumble against the dollar and after Chinese imports slumped.

To contact the reporter on this story: Lauren van der Westhuizen in Cape Town at lvanderwesth@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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