South African Stocks: Adcock Ingram, AngloGold, BHP Billiton

The FTSE/JSE Africa All Share Index (JALSH) advanced for a third day, adding 0.7 percent to 34,275.90 by 1:10 p.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 about 8 percent of the benchmark index, rose to a two- week high, jumping 1.6 percent to 277.37 rand. Copper rose, reversing an earlier decline, after China cut its benchmark lending rate.

BHP Billiton Ltd. (BIL) , the world’s biggest commodity producer, gained 0.8 percent to 240.56 rand.

Adcock Ingram Holdings Ltd. (AIP) , a maker of generic medicines, fell for the first time in four days, dropping 1.3 percent to 59.99 rand. The stock was reinstated underperform at Bank of America Corp. with a 53 rand price estimate.

AngloGold Ashanti Ltd. (ANG) , Africa’s largest producer of the metal, rose for a second day, adding 0.4 percent to 277.37 rand. Advanced technological mining processes are benefiting the company’s performance, Chief Executive Officer Mark Cutifani said today in a speech in Sydney.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.