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South African Stocks: Anglo, Assore, FirstRand, Investec, Move

Feb. 1 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced to a record, rising 1 percent to 34,139.52 by the end of trading in Johannesburg.

The following were among the most active equities in the South African market today. Stock symbols follow company names.

Anglo American Plc (AGL SJ), the diversified miner that accounts for 9 percent of the benchmark index, rose for a second day, adding 1.4 percent to 329.60 rand. Copper rose in London, extending its best start to a year since 2003, as stronger gauges of manufacturing in China and India bolstered demand prospects.

Assore Ltd. (ASR SJ), a South African company that is joint owner of iron-ore and manganese producer Assmang Ltd., gained the most since December 2010 after saying first-half profit rose as much as 58 percent. The shares jumped 7.5 percent to 245.19 rand.

FirstRand Ltd. (FSR SJ), South Africa’s second-largest banking group, gained 1.6 percent to 22.90 rand, a second day of gains. Credit Suisse Group AG raised its 12-month price estimate for the stock to 24 rand from 22.50 rand.

Investec Plc (INP SJ), the banking group with operations in South Africa, Australia and the U.K., gained the most in two months, adding 2.7 percent to 47.76 rand. The stock was rated a “buy” in new coverage by analyst Faizal Moolla at Avior Research, with a 12-month price estimate of 58.97 rand.

Metrofile Holdings Ltd. (MFL SJ), a filing and document-management company, climbed 3.7 percent to 2.83 rand, its biggest gain in more than a month. Earnings per share for the six months through December rose as much as 22 percent, the company said in a trading statement.

New Europe Property Investments Plc (NEP SJ), a property investment group, rose for the first time in three days, adding 2.6 percent to 34.89 rand. The company said its dividend per share for the six months through December will be as much as 15 percent higher than a year earlier.

SacOil Holding Ltd. (SCL SJ), an African oil and natural-gas explorer, rallied to its highest in more than two months, jumping 14 percent to 58 cents. The company raised 5 million rand ($638,000) through a share issue to Peregrine Securities Pty Ltd. at 45 cents per share.

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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