South African Stocks: Anglo, Remgro, Richemont, SABMiller, Sasol
The FTSE/JSE Africa All Share Index rose for the first day in four, advancing 988.77, or 3.4 percent, to 30,514.6 by the 5 p.m. close in Johannesburg.
The following were among the most active stocks in the South African market today.
Anglo American Plc (AAL) , the mining company that makes up about 9 percent of the benchmark stock index, increased for the first day in five, gaining 10.82 rand, or 4 percent, to 281.50 rand. Copper rallied the most in a week on concern production may fall amid threats of strikes at mines in Peru and Indonesia.
BHP Billiton Ltd. (BHP) , the world’s largest mining group, climbed the most since November 2010, gaining 11.25 rand, or 5.1 percent, to 231.25 rand.
AngloGold Ashanti Ltd. (ANG) , Africa’s biggest producer of the metal, fell the most in two weeks, slipping 3.54 rand, or 1.1 percent, to 325.49 rand. Gold dropped for a second day in London as rising equities curbed demand for an alternative asset and spurred investors to sell the metal after its rally to a record.
Cie Financiere Richemont SA (CFR) , the world’s second- biggest luxury-goods company, advanced the most since October 2008, gaining 2.76 rand, or 7.56 percent, to 39.25 rand. The company reported a 29 percent jump in revenue in the five months through August from the year-earlier period, beating the 18 percent average estimate of 15 analysts surveyed by Bloomberg.
Remgro Ltd. (REM) , a diversified investment holding company, rose a second day, adding 3.78 rand, or 3.4 percent, to 113.79 rand. The company said earnings per share excluding extraordinary items rose as much as 60 percent in the 15 months through June, adding the figure isn’t comparable with the year through March 2010.
SABMiller Plc (SAB) , the world’s second-largest brewer by volume, gained for the first day in four, rising 6.71 rand, or 2.7 percent, to 253.99 rand. Grupo Santander equity analyst Anthony Bucalo initiated coverage of the brewer with a “buy” rating and a 12-month price estimate of 25 pounds a share.
Sasol Ltd. (SOL) , the world’s largest maker of motor fuel from coal, advanced the most in seven months, adding 17.25 rand, or 5.5 percent, to 328.40 rand. Oil climbed the most in three weeks in New York as a weather system in the Gulf of Mexico threatened supplies in the U.S., where production halts because of storms have already reduced crude stockpiles.
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