South Africa Stocks: Anglo, Exxaro, Old Mutual, Petmin, Sasol

The FTSE/JSE Africa All Share Index reached its lowest since Sept. 29, falling 344.86, or 1.2 percent, to 29,256.75 by the 5 p.m. close in Johannesburg. The index has dropped 6.3 percent this week, its biggest five-day decline since May 2010.

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, closed at its lowest since Oct. 4, dropping 6.81 rand, or 2.3 percent, to 288.60 rand. Copper futures fell in New York, heading for the biggest weekly slump since June 2010, on concern that the faltering global economy will curb demand for industrial metals.

BHP Billiton Ltd. (BHP) , the world’s biggest mining group, fell for a tenth day, its longest losing streak since it was formed in 1997, declining 5.17 rand, or 2.3 percent, to 222.95 rand.

Bell Equipment Ltd. (BEL) , a manufacturer of handling machinery, rose for the first day in five, gaining 5 cents, or 0.4 percent, to 13.75 rand. The group said earnings per share for the six months to June 30 would be about 109 cents, from 9 cents in the same period a year earlier.

Exxaro Resources Ltd. (EXX) , the coal miner that exports about 38 percent of its production outside of South Africa, fell to its lowest in six weeks, declining 6.90 rand, or 4 percent, to 167 rand. Richards Bay Coal Terminal, on South Africa’s east coast, shipped 4.36 million metric tons of the fuel in July, 27 percent less than a year earlier, RBCT said today.

Old Mutual Plc (OML) , South Africa’s largest insurer and the third-biggest insurer in the U.K., closed at its lowest in more than a year, declining 32 cents, or 2.5 percent, to 12.67 rand. The group said the planned initial public offering of its U.S. asset management business is unlikely to happen by the end of 2012 because of concern that the U.S. recovery is faltering.

Petmin Ltd. (PET) , South Africa’s largest anthracite coal miner, rose for the first time in eight days, gaining 3 cents, or 1 percent, to 2.80 rand. The company said it has entered talks that may affect its share price.

Sasol Ltd. (SOL) , the world’s largest maker of motor fuel from coal, closed at its weakest since Oct. 1, declining 9.85 rand, or 3 percent, to 314.45 rand. Oil fell to the lowest in eight months in New York, set for the biggest weekly drop since May.

To contact the reporters 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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