South African Stocks: Anglo, Capitec, Clicks, Harmony, Nedbank

The FTSE/JSE Africa All Share Index advanced for the first time in three days, climbing 349.65, or 1.1 percent, to 32,073.87 by 9:43 a.m. in Johannesburg.

The following are 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, rose for the first time in three days, gaining 1.5 percent to 293.50 rand. Copper snapped two days of decreases on speculation the price declines this week were exaggerated and as stockpiles in London dropped to an eight-month low amid labor disputes at mines.

BHP Billiton Ltd. (BHP) , the world’s largest mining group, added 1.2 percent to 249.26 rand.

Capitec Bank Holdings Ltd. (CPI) , South Africa’s fastest-growing bank, advanced for the first day in six, climbing 1.1 percent to 177 rand. The lender said it raised 798.9 million rand ($99 million) by placing 4.6 million shares, or 4.91 percent of existing ordinary stock in the company, according to a regulatory filing today.

Clicks Group Ltd. (CLS) , a retailer of toiletries, music and pharmaceuticals, rose for the first time in three days, gaining 0.7 percent to 41.28 rand. The company was rated “buy” in new coverage at Citigroup Inc., with a price estimate of 48 rand a share.

Coal of Africa Ltd. (CZA) , a coal producer, headed for its highest close in six weeks, rising 3.5 percent to 7.19 rand. The company is in talks about a $40 million debt facility and plans to sell two assets during the next 12 months to raise money to fund its projects, Business Day reported, citing Chief Executive Officer John Wallington.

Harmony Gold Mining Co. (HAR SJ), the continent’s third- largest gold company, climbed 2.2 percent to 105.45 rand, reversing yesterday’s 1.7 percent decline. Gold advanced for a second day as concern that a Greek referendum will threaten Europe’s plan to end the region’s debt crisis spurred demand for a haven. Separately, Goldman Sachs Group Inc. raised its price estimate for the stock to 100 rand from 90 rand.

Murray & Roberts Ltd. (MUR SJ), South Africa’s second- biggest construction company, rose to its highest in more than a week, adding 2 percent to 24.95 rand. The stock was raised to “buy” from “neutral” by analysts at Citigroup Inc.

Nedbank Group Ltd. (NED) , South Africa’s fourth biggest Bank, advanced for the first time in three days, gaining 0.6 percent to 139.38 rand. The lender said it’s in a “good position to deliver solid earnings growth” and kept its guidance for the remainder of the financial year unchanged, according to a regulatory filing today.

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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