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
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.