The following were among the most active equities in the South African market today. Stock symbols follow company names.
Anglo American Plc (AGL) (AGL SJ), the diversified miner that accounts for 9 percent of the benchmark index, fell 1.5 percent to 339.55 rand, a second day of losses. Copper retreated for a second day in New York as Chinese officials said the country’s industrial output is likely to slow, casting doubt on the demand outlook in the world’s biggest user of the metal.
BHP Billiton Ltd. (BIL SJ), the world’s biggest miner, retreated 2 percent to 259 rand, its lowest close in three weeks.
ArcelorMittal South Africa Ltd. (ACL SJ), Africa’s largest steelmaker, declined to a seven-week low, sliding 1.9 percent to 66.30 rand. The company posted a loss, excluding one-time items and goodwill amortization, of 52 million rand ($12 million) in 2011, it said on its website today.
Palabora Mining Co. Ltd. (PAM SJ), a South African copper producer majority owned by Rio Tinto Group and Anglo American Plc (AAL), fell 7.8 percent to 148.50 rand, ending the best four-month rally on the nation’s benchmark stock index. Palabora gained more than 68 percent through yesterday’s closing price since reaching a one-year low on Oct. 4, more than any other share over the period on the 162-member FTSE/JSE Africa All Share Index.
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