South African Equities: AngloGold, British American Tobacco Move
The FTSE/JSE Africa All Share Index (JALSH) advanced for a third day, rising 0.6 percent to 34,192.19 by the close in Johannesburg.
The following were among the most active equities in the market today. Stock symbols follow company names.
AngloGold Ashanti Ltd. (ANG) , South Africa’s largest producer of the metal, fell for the first time in three days, dropping 1.1 percent to 281.43 rand. Gold declined in London on concern physical purchases are declining and selling by some investors after the biggest gain in a week.
Gold Fields Ltd. (GFI) , the country’s second-biggest gold miner, slid 1.5 percent to 106 rand.
British American Tobacco Plc (BATS) , Europe’s largest cigarette maker, jumped to a record, adding 1.4 percent to 399.10 rand. The stock was rated outperform, the equivalent of buy, in new coverage at Exane.
Cadiz Holdings Ltd. (CDZ) , the owner of a stock broker and money manager, jumped the most since October 2008, climbing 15 percent to 2.77 rand. The company announced a special dividend of 50 cents a share following the sale of 60 percent its securities business to BNP Paribas SA.
Erbacon Investment Holdings Ltd. (ERB) , a civil- engineering company, increased to the highest in more than two months, rising 5.4 percent to 59 cents. The company named Andrew Langham as new group financial director, replacing Rob Braithwaite, who resigned yesterday.
Firestone Energy Ltd. (FSE) , an Australian exploration company with interests in South Africa, rallied to the highest in more than four months, rising 18 percent to 13 cents. The company rejected an offer from Tata Power Co. to invest in its joint venture with Sekoko Resources (Pty) Ltd. to develop a South African coal mine, it said in a statement today.
To contact the reporters on this story: Stephen Gunnion in Johannesburg at email@example.com
To contact the editors responsible for this story: Gavin Serkin at