South African Stocks: Anglo, BHP Billiton, SABMiller, Sasol Move

The FTSE/JSE Africa All Share Index snapped three days of losses, rising 344.23, or 1.1 percent, to 30,971.88 at the 5 p.m. close in Johannesburg.

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

African Eagle Resources Plc (AEA SJ), an Australian metals explorer, increased the most since May 30, adding 2 cents, or 2.2 percent, to 92 cents. A study of its Dutwa project indicated a net present value of $870 million at today’s nickel price of $10 a pound, with cash operating costs of about $3.40 a pound and a projected capital payback of between three and five years, the company said in a statement.

Anglo American Plc (AGL SJ), the diversified mining company that makes up 9.8 percent of South Africa’s benchmark stock index, rose for the first time in four days, adding 9.30 rand, or 3 percent, to 318 rand. Copper advanced while lead, nickel, and zinc also increased after Luxembourg’s Prime Minister Jean-Claude Juncker indicated a solution to the crisis would be found.

BHP Billiton Plc (BIL SJ), the world’s largest mining company, snapped three days of losses, gaining 5.89 rand, or 2.4 percent, to 252.90 rand.

Metrofile Holdings Ltd. (MFL SJ), a filing and document-management company, added 10 cents, or 5 percent, to 2.10 rand, the highest close since Jan. 20. Earnings for the year through June will probably be as much as 39 percent higher than a year earlier, said the company in a statement today. It intends to declare a final dividend of 2.5 cents a share, taking the total to 4.5 cents for the year.

SABMiller Plc (SAB SJ), the world’s second-largest brewer by volume, dropped to the lowest close since March 23, slipping 8.21 rand, or 3.4 percent, to 231.49 rand. Foster’s Group Ltd., Australia’s biggest brewer, rejected a A$9.5 billion ($10 billion) cash offer from SABMiller as too low in what would be the biggest takeover in the beer industry since 2008.

Sasol Ltd. (SOL SJ), the world’s largest maker of motor fuel from coal, gained the most since March 16, jumping 10 rand, or 2.9 percent, to 355 rand. Oil added 0.6 percent to $93.80 a barrel, a second day of gains.

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