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South African Equities: Anglo, Brait, Kumba, Naspers, PPC

Nov. 9 (Bloomberg) -- The FTSE/JSE Africa All Share Index declined the most since Oct. 4, falling 653.41, or 2 percent, to 32,017.01 by the 5 p.m. close in Johannesburg.

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, fell for the first time in six days, dropping 3.6 percent to 297 rand. Copper for three-month delivery fell in London trading, leading a decline in industrial metals and other commodities.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, slid 3.3 percent to 248.71 rand.

Brait SA (BAT SJ), South Africa’s largest private equity company, rose to its highest close in eight months, advancing 0.3 percent to 19.60 rand. Earnings per share rose fourfold to 346 cents in the six months to Sept. 30, the company said in a regulatory filing.

Kumba Iron Ore Ltd. (KIO SJ), an iron ore-producing unit of Anglo American, declined for the first day in six, slipping 0.4 percent to 505 rand. The stock was lowered to “underperform” from “neutral” at Credit Suisse AG with a price estimate of 400 rand per share.

Naspers Ltd. (NPN SJ), Africa’s largest media group, fell for a second day, dropping 2.8 percent to 369.13 rand. Tencent Holdings Ltd., the Chinese Internet company in which Naspers has a 34 percent stake, missed analyst estimates for third-quarter profit after increasing spending to develop new services.

Pretoria Portland Cement Co. (PPC SJ), South Africa’s biggest cement producer, climbed to its highest close in more than three months, gaining 0.9 percent to 25.85 rand. The stock was raised to “hold” from “sell” at Deutsche Bank AG with a 12-month price estimate of 27.50 rand.

MTN Group Ltd. (MTN SJ), Africa’s biggest mobile-phone operator, dropped for the first day in three after saying it plans to spend 8 billion rand ($1 billion) building new data transmission stations. The shares fell 2.4 percent to 135.60 rand.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net Robert Brand in Cape Town at rbrand9@bloomberg.net

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

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