South African Stocks: Anglo American, Anglo Platinum, Trustco
The FTSE/JSE Africa All Share Index declined 180.14, or 0.6 percent, to 32,652.08 by 9:27 a.m. in Johannesburg.
The following are among the most active stocks in the South African market today. Stock symbols follow company names.
Anglo American Plc (AGL) , the diversified miner that makes up about 9 percent of the index, dropped 1.1 percent to 313 rand. Industrial metals including copper, nickel and zinc declined after Standard & Poor’s said it may lower credit ratings for 15 euro-region nations.
BHP Billiton Ltd. (BIL) , the world’s biggest miner, declined 1.2 percent to 249.50 rand.
Anglo American Platinum Corp. Ltd. (AMS) , the biggest producer of the metal, dropped for the first time in three days, declining 1.1 percent to 549 rand. The price target for the stock was cut to 530 rand, from 550 rand, at Goldman Sachs Group Inc., and platinum fell for a fourth day to a six-week low.
Impala Platinum Holdings Ltd. (IMP) , the second-biggest producer, dropped 1 percent to 172.01 rand after the price target was lowered to 179 rand, from 180 rand, at Goldman.
Assore Ltd. (ASR) , an iron ore producer, fell 2.1 percent to 215.50 rand. Prices of iron ore may fall further as Chinese steelmakers seek lower spot prices during quarterly negotiations with suppliers, Mine Life Pty. said.
Trustco Group Holdings Ltd. (TTO) : The Windhoek, Namibia-based financial-services company rose to a seven-month high, adding 3.8 percent, to 1.09 rand, after saying it had concluded an agreement with Shoprite Holdings Ltd.’s Namibian unit to provide insurance for the retailer’s customers.
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