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South African Stocks: Anglo, Harmony, Aquarius, Exxaro, Kumba

The FTSE/JSE Africa All Share Index advanced for a fourth day, rising 53.3, or 0.2 percent, to 31,051.35 by the 5 p.m. close in Johannesburg, taking the week’s gains to 2 percent.

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

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark stock index, closed at a six-week high, gaining 2 rand, or 0.7 percent, to 294.50 rand. Diamond demand at the retail level remains “strong,” said Philippe Mellier, chief executive officer of De Beers, in which Anglo American has a 45 percent stake.

AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, gained to an almost seven-month high, gaining 7.20 rand, or 2.1 percent, to 344.40 rand. Gold rose the first time in three days in New York on renewed concern that Europe’s debt crisis will threaten economies, boosting demand for a haven.

Harmony Gold Mining Co. (HAR SJ), the continent’s third-largest gold company, climbed the most in almost a month, adding 3.79 rand, or 4.1 percent, to 96.80 rand. Separately, the miner was raised to “overweight” from “neutral” at HSBC Holdings Plc by equity analyst Sabrina Grandchamps, with a price estimate of $17.

Aquarius Platinum Ltd. (AQP SJ), the fourth-biggest platinum miner, rose the most in more than a week, adding 1.61 rand, or 6.2 percent, to 27.49 rand. The company was raised to “overweight” from “neutral” at JPMorgan Chase & Co. by equity analyst Steve Shepherd, with a 12-month price estimate of 34.10 rand.

Exxaro Resources Ltd. (EXX SJ), a coal miner, fell for a third day, slipping 2.26 rand, or 1.2 percent, to 191.50 rand. Mediated wage talks between South Africa’s National Union of Mineworkers and Exxaro and Impala Platinum Holdings Ltd. (IMP SJ) failed to secure an agreement, the labor union said in an e-mailed statement today.

Impala dropped 1.57 rand, or 0.9 percent, to 167.67 rand.

Grindrod Ltd. (GND SJ), Africa’s biggest shipping company, closed at its highest in more than five months, advancing 26 cents, or 1.8 percent, to 15.14 rand. Remgro Ltd. (REM SJ), a diversified investment holding company, is in talks to buy a stake in Grindrod, Finweek magazine reported, without saying how it got the information.

Kumba Iron Ore Ltd. (KIO SJ), an iron ore-producer that exports almost 60 percent of its metal to China, fell for the first day in four, dropping 6.04 rand, or 1.3 percent, to 475 rand. China iron-ore inventories are near record levels, above 98 million metric tons, according to data compiled by Bloomberg.

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