Oct. 4 (Bloomberg) -- The FTSE/JSE Africa All Share Index closed at its lowest since Aug. 10, dropping 699.63, or 2.3 percent, to 29,178.27 by the 5 p.m. closes in Johannesburg.
The following were among the most active stocks in the South African market today.
Allied Electronics Corp. (ATN SJ), an investment company with interests in communications equipment and power cables, declined for a second day, slipping 50 cents, or 2 percent, to 25 rand. Profit in the first half through August fell 23 percent to 321 million rand ($38.9 million) from a year earlier, the company said in a statement today.
Anglo American Plc (AGL SJ), the mining company that makes up about 9 percent of the benchmark stock index, closed at its lowest in four weeks, falling 6.34 rand, or 2.3 percent, to 272.17 rand as copper, lead and zinc declined in London. Separately, South African miners, builders and electricity industry workers started a protest over safety standards, halting mines throughout the country, where more than a 100 mineworkers have died so far this year.
BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, slid 2.94 rand, or 1.4 percent, to 213.26 rand.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the precious metal, dropped 13.88 rand, or 4 percent, to 331.37 rand, snapping two days of gains as gold fell for the first time in four sessions.
Impala Platinum Holdings Ltd. (IMP SJ), the world’s second-biggest platinum miner, slipped 5.23 rand, or 3.1 percent, to 161.50 rand.
Freeworld Coatings Ltd. (FWD SJ), a manufacturer of paint, advanced the most in almost a month, rising 49 cents, or 5.6 percent, to 9.20 rand. The company said its board of directors is considering the possibility of delisting its shares from the Johannesburg Stock Exchange, which will require that an offer be made to shareholders.
Pretoria Portland Cement Co. (PPC SJ), South Africa’s biggest cement producer fell for the first time in three days, losing 30 cents, or 1.3 percent, to 23.10 rand. PPC said it acquired three aggregate quarries from Quarries of Botswana for $6.8 million.
Sasol Ltd. (SOL SJ), the biggest producer of gasoline from coal, declined the most in almost seven months, plunging 13.25 rand, or 4 percent, to 321.75 rand. The Organization of Petroleum Exporting Countries’ main crude oil grades dropped below $100 a barrel for the first time since Feb. 18, ending the longest run in triple digits.
Zeder Investments Ltd. (ZED SJ), an agricultural investment group, weakened for a third day, losing 5 cents, or 2.1 percent, to 2.35 rand. The company said earnings per share fell 13 percent to 8.6 cents in the six months through August.
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