South African Stocks: AngloGold, Datatec, Life Healthcare
Stock Chart for AngloGold Ashanti Ltd (ANG)
The FTSE/JSE Africa All Share Index rose to its highest closing level in three weeks, adding 326.07, or 1.1 percent, to 31,129.95 by the 5 p.m. close in Johannesburg.
The following were among the most active stocks in the South African market today.
AngloGold Ashanti Ltd. (ANG) , Africa’s biggest producer of the precious metal, gained for a second day, rising 1.47 rand, or 0.5 percent, to 323.47 rand. Gold advanced on concern that Europe’s sovereign-debt crisis may deepen after Slovakia’s lawmakers rejected an enhancement of the region’s bailout fund, spurring demand for haven assets.
Gold Fields Ltd. (GFI) , the country’s second-largest producer, added 2.40 rand, or 2 percent, to 120.40 rand.
Datatec Ltd. (DTC) , a Johannesburg-based computer services company, rose to its highest closing price in more than two months, adding 1.43 rand, or 3.7 percent, to 40.10 rand. The company said it expects to report revenue of about $5 billion for the 2012 fiscal year while keeping its earnings and profit guidance unchanged.
Life Healthcare Group Holdings Ltd. (LHC) , a health-care provider, dropped 30 cents, or 1.5 percent, to 19.35 rand. The company may pay about 850 million rand ($108 million) in cash for a 26 percent of Max Healthcare Institute Ltd., its first purchase in India.
Palabora Mining Co. Ltd. (PAM SJ), a copper miner, climbed for a second day, adding 3.30 rand, or 3 percent, to 112.74 rand. The price of copper rose to a two-week high amid investor optimism Europe will contain its debt crisis and escape a recession.
Woolworths Holdings Ltd. (WHL SJ), a food and clothing retailer, advanced 86 cents, or 2.3 percent, to 38.98 rand after saying it agreed to set up a joint venture with Chellarams Plc in Nigeria that will enable it to open three stores in Africa’s most populous nation in December.
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