South African Stocks: Anglo, Harmony, Litha, Sekunjalo
(Corrects spelling of Sekunjalo in headline, last paragraph.)
The FTSE/JSE Africa All Share Index declined for a fifth day, the longest losing streak since August, falling 481.17, or 1.5 percent, to 31,727.03 at the close in Johannesburg.
The following are among the most active stocks in the South African market today. Stock symbols follow company names.
Accentuate Ltd. (ACE) rose 7.7 percent to 70 cents, the highest since Dec. 5. The cleaning and maintenance company said it sold the operational assets and liabilities of CGA Fenestrations Ltd. to Wys Investments Ltd. for 9.6 million rand ($1.1 million).
Anglo American Plc (AGL) , the mining company that makes up more than 9 percent of the benchmark stock index, fell 2.4 percent to 297 rand, its biggest drop since Nov. 21. Copper fell to a two-week low in New York on speculation Europe’s debt crisis will erode demand for industrial metals. Federal Reserve Chairman Ben S. Bernanke signaled yesterday he’s concerned Europe’s crisis will hobble U.S. expansion.
BHP Billiton Ltd. (BIL) , the world’s biggest miner, dropped 2.3 percent to 239.01 rand, a sixth day of declines.
Bidvest Group Ltd. (BVT) rose for the first time in three days, gaining 0.6 percent to 156.10 rand. Fitch Ratings upgraded the company’s senior unsecured rating to AA- from A+, the company said in a regulatory filing.
Harmony Gold Mining Co. (HAR) , Africa’s third-largest gold producer, fell the most in almost three months, sliding 5.1 percent to 101.25 rand. Harmony said it suspended its Hidden Valley joint-venture operation in Papua New Guinea after an earthquake today.
Litha Healthcare Group Ltd. (LHG) , a pharmaceutical developer and wholesaler, rose 1.5 percent to 2.69 rand, a fourth day of advances. The company said it entered into talks which may have a “material effect” on the share price.
Sekunjalo Investments Ltd. (SKJ) rallied the most in three weeks, climbing 9.5 percent to 69 cents. The investment company said it acquired a 0.75 percent stake in Pioneer Foods Group Ltd. in a deal worth more than 95 million rand.
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