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South African Equities: Anglo, FirstRand, Keaton, Standard Bank

Dec. 3 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index advanced for a third day, adding 231.75, or 0.7 percent, to 31,376.93 at the 5 p.m. close in Johannesburg.

The following were among the most active stocks in the South African market today.

Anglo American Plc (AGL SJ), the diversified mining company that makes up almost 10 percent of South Africa’s benchmark stock index, rose 7.50 rand, or 2.3 percent, to 327.50 rand. Copper rallied on the London Metal Exchange, headed for the first weekly advance in four.

FirstRand Ltd. (FSR SJ), South Africa’s second-biggest financial-services company, climbed 40 cents, or 2 percent, to 20.84 rand. The company said first-half profit will increase by at least 20 percent.

Impala Platinum Holdings Ltd. (IMP SJ), the world’s second-largest producer of the metal, gained for a third day, climbing 4.99 rand, or 2.3 percent, to 223.47 rand. Platinum advanced for a fourth day, rising as much as 1.1 percent to $1,731 an ounce.

Keaton Energy Holdings Ltd. (KEH SJ), the coal explorer, rose 10 cents, or 2.3 percent, to 4.50 rand. The company said earnings per share are expected to be between 1.55 cents and 1.85 cents for the six-months to end-September.

Pioneer Food Group Ltd. (PFG SJ), a producer of cereals and juices, rose 50 cents, or 1 percent, to 49.25 rand, the highest in more than a week. The company said it offered 12 rand a share, or 827.8 million rand ($120 million), for liquor company KWV Holdings Ltd.

Standard Bank Group Ltd. (SBK SJ), Africa’s largest lender, fell 60 cents, or 0.6 percent, to 101.28 rand. The stock was cut to “sell” from “neutral” by analysts at UBS AG.

Trustco Group Holdings Ltd. (TTO SJ), a Namibian-owned provider of small loans and insurance policies, advanced 1 cent, or 1.5 percent, to 66 cents. The company said profit after tax increased 89 percent in the six-months ended Sept. 30, according to a stock exchange filing.

To contact the reporters on this story: Garth Theunissen in Johannesburg gtheunissen@bloomberg.net; Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net Edward Evans at eevans3@bloomberg.net

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