South African Stocks: AngloGold, BHP, Nedbank, Standard Bank

The FTSE/JSE Africa All Share Index (JALSH) climbed less than 0.1 percent to 33,644.78 by 12:40 p.m. in Johannesburg.

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

AngloGold Ashanti Ltd. (ANG) , the country’s biggest producer of the metal, dropped 1.4 percent to 264.53 rand. Gold fell as much as 0.3 percent in London trading.

Harmony Gold Mining Co. Ltd. (HAR) , the country’s third- biggest gold miner, fell 1 percent to 80.40 rand.

BHP Billiton Ltd. (BIL) , the world’s biggest resources company, gained for a second day, advancing 1.2 percent to 238.45 rand. Copper rose in London on speculation a weakening economy may prompt easing of monetary policy by China, the world’s biggest user of the metal.

Nedbank Group Ltd. (NED) , the South African lender controlled by Old Mutual Plc, jumped 0.5 percent to 168 rand. The bank was rated overweight, the equivalent of buy, in new coverage by Barclays Capital, with a 211.72 rand price estimate.

Rare Holdings Ltd. (RAR) , which makes pipes and valves, fell the most in more than six months, sliding 27 percent to 11 cents. The company expects to report a loss per share of 28 cents to 30.4 cents for the six months through December, from a 12.02 cent loss a year earlier.

Standard Bank Group Ltd. (SBK) (SBK SJ), Africa’s largest lender, retreated for a second day, slipping 0.8 percent to 110.97 rand. The bank was rated underweight, the equivalent of sell, in new coverage at Barclays Capital, with a 115.69 rand price estimate.

Vukile Property Fund Ltd. (VKE) , a property holding and investment company, rose the most in more than a week, climbing 2.3 percent to 14.93 rand. The company will receive gross proceeds of 868.7 million rand ($109 million) after placing 59.5 million acquisition units with qualifying institutional investors at 14.60 rand each, it said after the market closed yesterday.

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

To contact the editor responsible for this story: Gavin Serkin at

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