The FTSE/JSE Africa All Share Index broke a four-day winning streak, declining 91.76, or 0.3 percent, to 30,959.59 by the 5 p.m. close in Johannesburg. The index gained 2 percent last week.
The following are 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, dropped for the first day in five, sliding 3.50 rand, or 1.2 percent, to 291 rand. Copper fell to a nine-month low in New York on speculation Europe’s debts are hampering growth, curbing metals demand.
BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, declined 2.01 rand, or 0.9 percent, to 232.99 rand.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, closed at its highest since at least June 1998, adding 17.10 rand, or 5 percent, to 361.50 rand. Gold priced in rand rose to a record high as concerns about Europe’s debt woes spurred demand for the metal as a protection of wealth, while the rand weakened as much as 3.2 percent to 7.7303 rand per U.S. dollar.
Gold Fields Ltd. (GFI SJ), the continent’s second-biggest gold producer, advanced 7.55 rand, or 6 percent, to 132.55 rand.
Harmony Gold Mining Co. (HAR SJ), the continent’s third-largest gold company, added 3.20 rand, or 3.3 percent, to 100 rand.
Avusa Ltd. (AVU SJ), the publisher of South Africa’s largest weekend broadsheet newspaper, dropped 49 cents, or 2 percent, to 23.51 rand. Chairman Dumisa Ntsebeza quit the board of the company along with two non-executive independent directors, Tom Wixley and Babalwa Ngonyama.
Woolworths Holdings Ltd. (WHL SJ), a food and clothing retailer, climbed for a fourth day, adding 30 cents, or 0.8 percent, to 38.30 rand. The company replaced Reinet Investments SCA (REI SJ) in the FTSE/JSE Top 40 Index from today. Reinet dropped 4 cents, or 0.3 percent, to 12.76 rand.
Sasol Ltd. (SOL SJ), the world’s largest producer of motor fuel from coal, advanced for a fifth day, gaining 1.75 rand, or 0.5 percent, to 344.74 rand. The company signed an investment agreement to develop a gas-to-liquids project in Uzbekistan, it said in an e-mailed statement today.