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South African Equities: African Rainbow, Anglo, Omnia, Sasol

The FTSE/JSE Africa All Share Index snapped a four-day losing streak, advancing 253.73, or 0.8 percent, to 31,369.74 by the close in Johannesburg, paring yesterday’s 2.2 percent decline.

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

African Rainbow Minerals Ltd. (ARI SJ), a diversified mining group, gained for the first time in five days, climbing 2.1 percent to 172.60 rand. The company introduced sponsored Level 1 American depositary receipts on the stock to broaden its investor base, the company late yesterday.

Anglo American Plc (AGL SJ), the mining company that makes up more than 9 percent of the benchmark stock index, advanced for the first day in five, adding 1.2 percent to 298.66 rand. Copper rose in New York, rebounding from the lowest price in almost a month, on speculation demand will keep strengthening in top global consumer China. The company is also gradually increasing output at its expanded Los Bronces copper mine in Chile, John MacKenzie, the head of Anglo’s copper business, told reporters today.

BHP Billiton Ltd. (BIL SJ), the world’s largest mining group, gained 1.2 percent to 235.96 rand.

AngloGold Ashanti Ltd. (ANG SJ), the world’s third-largest producer of the metal, rose the most in two weeks, advancing 2.4 percent to 374.85 rand. The company can afford to treble net debt to as much as $2 billion as it expands production to take advantage of record gold prices, it said today.

Curro Holdings Ltd. (COH SJ), an operator of private schools, closed at its highest in more than a month, climbing 6.5 percent to 8.64 rand. The company bought independent school Woodhill College Ltd. and property holding company Woodhill College Property Holdings for 185 million rand ($22.3 million).

Omnia Holdings Ltd. (OMN SJ), a South African fertilizer producer, rose to its highest on record, gaining 2.1 percent to 84 rand. Revenue for the six months through September increased 16 percent to 4.95 billion rand, the company said in a regulatory filing.

PBT Group Ltd. (PBT SJ), a provider of information management services, closed at a one-week high, advancing 0.7 percent to 1.36 rand. The company agreed to buy AIB Asset Management Holdings, a unit of Allied Irish Bank Plc, it said in a regulatory filing.

Sasol Ltd. (SOL SJ), the biggest producer of gasoline from coal, rose the most in a week, adding 0.8 percent to 365 rand. The stock was rated “buy” in new coverage by Avior Research Ltd. with a two-year price estimate of 443 rand.

Vukile Property Fund Ltd. (VKE SJ), a property holding and investment company, gained the most in three weeks, climbing 2.1 percent to 14.60 rand. The stock was raised to “buy” from “hold” at Deutsche Bank AG with a 12-month price estimate of 14.90 rand.

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