South African Equities: Ellies, Jubilee Platinum, Optimum Move
The FTSE/JSE Africa All Share Index (JALSH) advanced for a third day, gaining 0.6 percent to 33,858.22 by the close in Johannesburg. The gauge has gained 5.9 percent this year after falling 0.4 percent in 2011.
The following are among the most active equities in the market today. Stock symbols follow company names.
Alert Steel Holdings Ltd. (AET) , a seller of steel, building and hardware materials, fell the most in more than five months, dropping 20 percent to 8 cents. The company said it plans to raise 120 million rand ($15.8 million) through a rights offer.
Ellies Holdings Ltd. (ELI) , a maker of satellite- television antennas, jumped to the highest since its September 2007 listing, climbing 4.3 percent to 3.19 rand. Earnings per share for the year through April are expected to rise more than 40 percent, the company said today.
Jubilee Platinum Plc (JLP) , a miner of the metal, fell to the lowest in almost three years, dropping 6.2 percent to 1.52 rand. The company’s loss per share increased as much as 75 percent in the six months through December, the company said in a trading statement today.
Optimum Coal Holdings (OPT) , a South African coal miner, gained 0.7 percent to 37.25 rand, its first rise in three days. Glencore International Plc said it completed the acquisition of a further 36.56 percent of Optimum Coal, boosting its interest to 67.77 percent.
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