Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

South African Stocks: Anglo, Amplat, Billiton, Kumba, Truworths

Don't Miss Out —
Follow us on:

Sept. 27 (Bloomberg) -- The FTSE/JSE Africa All Share Index rose the most in 16 months, advancing 1,033.84, or 3.5 percent, to 30,752.40 by the 5 p.m. close in Johannesburg, its first gain in five days.

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

AfroCentric Investment Corp. (ACT SJ), an investment company with interests in private healthcare, electronics and mining, advanced for the first time in three days, gaining 25 cents, or 13 percent, to 2.25 rand. Earnings per share rose to 44.32 cents in the year through June from a loss of 2.53 cents a year earlier.

Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark stock index, added the most in 16 months, rising 16.85 rand, or 6 percent, to 296.85 rand. Commodities climbed for a second day, the best run this month, as copper rebounded from a 14-month low and oil rose on speculation that European policy makers will intensify efforts to contain the region’s debt crisis.

Anglo American Platinum Ltd. (AMS SJ), the world’s biggest producer of the metal, rose the most in almost two weeks as platinum increased. The stock advanced 24.21 rand, or 4.4 percent, to 574.20 rand.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining company, rallied the most since November 2010, adding 12.99 rand, or 6 percent, to 229.49 rand. The company said Chinese demand for seaborne iron ore will outpace supply as the world’s fastest growing economy’s steel production continues to expand.

Kumba Iron Ore Ltd. (KIO SJ), an iron ore-producer that exports almost 60 percent of its metal to China, gained the most in over a year, advancing 33.19 rand, or 7.7 percent, to 466.69 rand.

Truworths International Holdings Ltd. (TRU SJ), South Africa’s largest clothing retailer, added 1.23 rand, or 1.8 percent, to 71.48 rand. The company plans to open stores in five countries on the continent including Botswana, Mauritius, Nigeria, Ghana and Angola, Chief Executive Officer Michael Mark said.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.