The FTSE/JSE Africa All Share Index (JALSH) advanced for the first time in three days, gaining 0.7 percent to 34,226.73 by the close in Johannesburg.
The following were among the most active equities in the South African market today. Stock symbols follow company names.
Anglo American Plc (AAL) , the diversified miner that accounts for 9 percent of the benchmark index, gained 2.5 percent to 347.90 rand, its highest close in almost 10 months. Copper gained for a third day on optimism over the progress in Greece to secure international aid, bolstering equities and the demand outlook for metals.
BHP Billiton Ltd. (BIL) , the world’s biggest miner, climbed 0.5 percent to 260.41 rand.
Calgro M3 Holdings Ltd. (CGR) , a housing developer, gained for a second day, adding 3.1 percent to 4 rand. JSE Ltd., operator of the Johannesburg bourse, approved the transfer of the company’s stock from the Alternative Exchange for smaller companies to the main board from Feb. 23.
Old Mutual Plc (OML) , South Africa’s largest insurer, rose 2.3 percent to 18.92 rand, its highest close in almost four years. The company sold Dwight Asset Management, one of its asset management business in the U.S., potentially clearing the way for a listing of the remainder of its U.S. asset management business, Risto Ketola, an analyst at Standard Bank Group Ltd.’s SBG Securities, said in a phone interview from Johannesburg.
Pick n Pay Stores Ltd. (PIK SJ), South Africa’s second- biggest food retailer, declined for a fourth day, sliding 1.2 percent to 45.30 rand. Chief Executive Officer Nick Badminton will resign from the board at the end of the financial year, the company said in a regulatory filing today.
Redefine Properties International Ltd. (RIN) fell to the lowest in almost two weeks after issuing new shares. The stock declined 1.1 percent to 5.39 rand.
Sappi Ltd. (SAP) , the world’s biggest maker of glossy paper, declined the most in more than two months after saying it won’t resume paying a dividend until it has reduced debt to below $2 billion. The shares dropped 4 percent to 25.50 rand.
To contact the editor responsible for this story: Gavin Serkin at email@example.com