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South African Equities: 1Time, BHP, Bowler Metcalf, Naspers

March 17 (Bloomberg) -- South Africa’s FTSE/JSE Africa All Share Index advanced for a second day, adding 106.14, or 0.4 percent, to 30,718.55 at the 5 p.m. close in Johannesburg.

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

1Time Holdings Ltd. (1TM SJ), the low-cost airline and technical maintenance company, declined for a third day, dropping 2 cents, or 2.9 percent, to 67 cents. The company said it expects a “tough trading environment” in 2011, with high oil prices putting pressure on yields and volumes.

BHP Billiton Plc (BIL SJ), the world’s largest mining company, had its biggest one-day gain in six weeks, climbing 7.36 rand, or 2.9 percent, to 260.85 rand. Copper rallied for a second day on speculation that demand will strengthen on rebuilding earthquake-hit Japan.

Bowler Metcalf Ltd. (BCF SJ), a plastic-packaging maker, advanced for a second day, rising 20 cents, or 2.4 percent, to 8.70 rand. The company said it has entered into price-sensitive talks and urged caution on trading its shares.

Evraz Highveld Steel and Vanadium Ltd. (EHS SJ), a steelmaker, fell the most in almost six years, dropping 22.95 rand, or 25 percent, to 69.05 rand. Evraz reported a loss per share of 5.54 rand in the year ended December, from a profit per share of 1.64 rand a year earlier, according to a financial statement published on the Johannesburg bourse’s news service.

Naspers Ltd. (NPN SJ), Africa’s largest media company, retreated to the lowest closing level since Dec. 1, declining 16.69 rand, or 4.4 percent, to 366.01 rand. Tencent Holdings Ltd., China’s biggest internet company, in which Naspers has a stake of about 35 percent, said it expects earnings growth to slow.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at Robert Brand in Cape Town at

To contact the editor responsible for this story: Gavin Serkin at

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