Feb. 14 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index reached the highest level since May 2008, rising 139.73, or 0.4 percent to 33,094.06 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 11 percent of South Africa’s benchmark stock index, advanced to the highest level since August 2008, advancing 0.7 percent to 395.70 rand. BHP Billiton Plc (BIL SJ), the world’s largest mining company, increased to the highest level since June 2008, adding 1.7 percent to 297.01 rand. Copper rose for a third day after China’s imports unexpectedly climbed, boosting consumption prospects in the world’s largest metals user.
Cipla Medpro South Africa Ltd. (CMP SJ), a generic drugs manufacturer, increased 3.5 percent to 7.45 rand. Citigroup Inc. raised its price estimate on Cipla Medpro to 11.50 rand a share from 8 rand.
Delta EMD Ltd. (DTA SJ), which supplies electrolytic manganese dioxide used to make dry-cell batteries, fell the most since Oct. 27, losing 70 cents, or 7 percent, to 9.30 rand. The company said earnings dropped to 69 million rand ($9.4 million) in the year ended Dec. 27, from 158.8 million rand a year earlier.
Growthpoint Properties Ltd. (GRT SJ), South Africa’s largest publicly traded real-estate investor, gained the most since Dec. 29, adding 33 cents, or 2 percent, to 17.18 rand. Together with the Public Investment Corp., Growthpoint agreed to buy Cape Town’s Victoria & Alfred Waterfront shopping mall in Cape Town for 9.72 billion rand, the country’s biggest property deal.
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