March 3 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index snapped two days of losses, gaining 377.03, or 1.2 percent, to 32,350.12 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, rose to the highest level in two weeks, jumping 8.51 rand, or 2.3 percent, to 377.99 rand. Copper rose to a two-week high as concerns eased that metal demand will dwindle amid a decline in energy costs and more signs of a U.S. economic recovery. BHP Billiton Plc (BIL SJ), the world’s largest mining company, advanced the most since Feb. 2, rising 5.52 rand, or 2 percent, to 279.40 rand.
Brait SA (BAT SJ), South Africa’s largest private equity company, dropped the most in seven years, falling 2.06 rand, or 9.9 percent, to 18.70 rand. The stock was downgraded to “sell” from “hold” at Deutsche Bank AG, with a 12-month price estimate of 16 rand a share.
Distribution & Warehousing Network Ltd. (DAW SJ), a hardware supplier, declined the most since Feb. 1, dropping 30 cents, or 3.7 percent, to 7.90 rand. Dawn, as the company is commonly known, called off a cautionary notice first published six months ago, saying talks had ceased.
Litha Healthcare Group Ltd. (LHG SJ), a healthcare company, advanced to the highest level since Feb. 21, gaining 3 cents, or 1.1 percent, to 2.68 rand. Litha said it bought a further 15 percent in Biovac Consortium (Pty) Ltd., paying 11.7 million rand ($1.7 million).
Real Africa Holdings Ltd. (RAH SJ), the investment company with interests in gaming and tourism, rose the most since Feb. 1, gaining 45 cents, or 13 percent, to 4 rand. The company said earnings increased to 61 million rand in the first half through December, from 47.3 million rand a year earlier.
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