The FTSE/JSE Africa All Share Index snapped two days of gains, declining 294.86, or 0.9 percent, to 31,917.02 at the 5 p.m. close in Johannesburg. The measure lost 3 percent this week, snapping four weeks of gains.
The following were among the most active stocks in the South African market today.
Anglo American Plc (AGL SJ), the largest investor in South African mining, advanced 0.5 percent to 297.32 rand, the strongest level since Oct. 28. Anglo agreed to buy the Oppenheimer family’s 40 percent stake in De Beers, supplier of about a third of the world’s rough diamonds, for $5.1 billion.
Anglo American Platinum Ltd. (AMS SJ), the world’s largest producer of the metal, fell 1 percent to 570 rand, after two days of gains. Platinum weakened 0.9 percent to $1,625.75 an ounce. Impala Platinum Holdings Ltd. (IMP SJ) dropped 4.3 percent to 177 rand.
Barloworld Ltd. (BAW SJ), the world’s largest forklift trader, climbed 1.3 percent to 68.71 rand, the highest close since July 11. Barloworld said it returned to profit in the year through September as trading results were ahead of expectation in the second half.
DRDGold Ltd. (DRD SJ) jumped 5.4 percent to 5.49 rand, its highest close since January 2010. The producer of the precious metal said it entered into talks that if successful may have a material effect on its share price.
Wescoal Holdings Ltd. (WSL SJ) rose the most since April 2008, surging 27 percent to 62 cents. The coal producer has asked the regional high court to set aside an application to liquidate a unit of the company.