South African Stocks: Anglo, BHP Billiton, Firestone Energy Move
The FTSE/JSE Africa All Share Index advanced 184.88, or 0.6 percent, to 32,904.57 by 12:57 p.m. in Johannesburg, headed for its highest close in almost 10 months.
The following are among the most active stocks in the South African market today. Stock symbols follow company names.
Anglo American Plc (AGL) , the mining company that makes up more than 9 percent of the benchmark stock index, rose to its highest in almost three weeks, adding 0.7 percent to 317.18 rand. Copper advanced on speculation that European leaders will step up their efforts to contain the sovereign-debt crisis at a two-day summit this week, easing concern that the base commodity’s demand may fall.
BHP Billiton Ltd. (BIL) , the world’s biggest miner, advanced 1 percent to 255.10 rand.
African Rainbow Minerals Ltd. (ARI) , a diversified mining group, rose 0.9 percent to 178.58 rand.
Firestone Energy Ltd. (FSE) , an Australian exploration company with operations in South Africa, climbed the most since April 2010, surging 43 percent to 10 cents. The company said funding for Sekoko Resources Ltd., its partner in the Waterberg Coal Joint Venture, remains in place.
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