South African Stocks: Anglo, AngloGold, BHP, Pioneer Foods

The FTSE/JSE Africa All Share Index (JALSH) advanced for the second time this week, gaining 0.4 percent to 34,233.25 by 12:17 p.m. in Johannesburg.

The following are among the most active equities in the South African market today. Stock symbols follow company names.

Anglo American Plc (AAL) , a diversified miner that makes up about 9 percent of the index, declined for a second day, falling 0.6 percent to 333.61 rand. The stock was cut to “neutral” from “buy” at Citigroup Inc.

AngloGold Ashanti Ltd. (ANG) , Africa’s biggest producer of the metal, declined for the first time in three days, falling 1.7 percent to 344.01 rand. Adjusted earnings excluding one-time items declined to 6.15 rand a share in the fourth quarter through December from 8.57 rand in the previous three months. The mean estimate by seven analysts in a Bloomberg survey was for adjusted earnings of 8.69 rand.

BHP Billiton Ltd. (BIL) , the world’s biggest miner, climbed 1.2 percent to 253.45 rand, its second gain in three days. Copper rose in London after China pledged to help resolve the euro-area debt crisis, bolstering the outlook for growth and metals demand.

Central Rand Gold Ltd. (CRD) , a gold miner, headed for its highest close in a month, jumping 20 percent to 18 cents. The company produced 14,856 ounces of gold last year, 60 percent higher than the previous 12 months, it said in a stock exchange statement today.

First Uranium Corp. (FUM) , a uranium and gold producer, rose the most in a month, climbing 16 percent to 1.80 rand. The company said it’s in talks to sell assets to help redeem debt due this year and in 2013.

Pioneer Foods Ltd. (PFG) , a food producer, fell for the first time in three days, sliding 0.8 percent to 61.80 rand. Operating costs experienced inflationary pressure and high corn prices affected its broiler and egg operations, the company said in a regulatory filing today.

Rainbow Chicken Ltd. (RBW) , the country’s second-largest producer of poultry by market value, headed for its biggest gain in more than a week, rising 1.7 percent to 15.15 rand. Earnings per share in the six months through December increased between 21 percent and 26 percent from the six months through September, the company said in a regulatory filing after yesterday’s market close.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net;

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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