South Africa Stocks: Altron, Anglo, Amplats, BHP, SacOil, Sasol
The FTSE/JSE Africa All Share Index (JALSH) advanced for a third day, gaining 0.8 percent to 33,020.16, its highest close since February.
The following were among the most active equities in the South African market today. Stock symbols follow company names.
Allied Electronics Corp. (ATN) , an investment company with interests in communications equipment and power cables, declined for the first day in three, dropping 1 percent to 22.75 rand. The company’s Bytes Technology Group unit agreed to buy all the share capital of Unisys Africa from Unisys Corp. and CyberKnowledge Systems Investments (Pty) Ltd. for an undisclosed amount.
Anglo American Plc (AAL) , the mining company that makes up about 9 percent of the benchmark, rose for the first time in four days, gaining 2.6 percent to 317 rand. Copper gained the most in a week in New York as imports of the metal into China, the world’s biggest consumer, advanced for a seventh month to a record.
BHP Billiton Ltd. (BHP) , the world’s biggest miner, added 2.6 percent to 253.09 rand.
Anglo American Platinum Ltd. (AMS) , the world’s-biggest producer of the metal, closed at a one-month high, climbing 1.3 percent to 547 rand. Platinum for immediate delivery jumped as much as 3.2 percent to $1,471.88 an ounce in London, the highest since Dec. 13.
Consolidated Infrastructure Group Ltd. (CIL) , a developer of high-voltage electrical substations, slid 2.4 percent to 10 rand, its biggest fall in four weeks. The company’s board is looking for a new independent chairman following the resignation of Peter Baird, it said in a regulatory filing today.
SacOil Holding Ltd. (SCL) , an African oil and natural- gas explorer, climbed the most in two months, jumping 8.2 percent to 53 cents. The company said it is still considering proposals and potential transactions, which if successfully concluded, may have a “material effect” on the price of its ordinary shares.
Sasol Ltd. (SOL) , which provides 40 percent of South Africa’s motor fuel, advanced for a third day, adding 1.1 percent to 394.90 rand. Oil rose for the first time in four days on growing concern that geopolitical tension in the Middle East may disrupt supply and as higher stock markets raised economic optimism.
Telemasters Holdings Ltd. (TLM) , a phone-services company, closed at its highest since July 2010, surging 3.1 percent to 1.64 rand. Earnings per share rose 28 percent to 23.81 cents in the 12 months through September, the company said in a regulatory filing.
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