South Africa Shares: Anglo, BHP Billiton, Sasol, Telkom Move
The FTSE/JSE Africa All Share Index (JALSH) declined for a second day, falling 0.5 percent to 32,927.31 by 9:50 a.m. in Johannesburg.
The following are among the most active equities in the market today. Stock symbols follow company names.
Anglo American Plc (AAL) , the diversified miner that makes up more than 7 percent of the index, headed for its lowest in almost two years, dropping 1.1 percent to 255.30 rand. Copper declined to the lowest in more than five months in New York after data from the U.S. and China fueled concern that demand was slowing in the two largest users. BHP Billiton Ltd. (BIL) , the world’s biggest resources company, retreated 1.5 percent to 220.64 rand.
Sasol Ltd. (SOL) , the largest producer of motor fuels made from coal, slipped for a second day, sliding 1.5 percent to 355.76 rand. Oil fell for a fifth day in New York to the lowest price in almost eight months on signs of an economic slowdown in the U.S. and China.
Telkom South Africa Ltd. (TKG) , Africa’s biggest fixed- line operator, declined for a fourth day, dropping 1 percent to 20.80 rand. Chief Executive Officer Nombulelo Moholi is “not hopeful” the South African government will reverse a decision not to support the sale of a 20 percent stake to KT Corp., Business Day reported.
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