March 7 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for the first time in four days, gaining 0.6 percent to 33,592.32 by the close in Johannesburg.
The following were among the most active equities in the South African market today. Stock symbols follow company names.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s biggest producer of the metal, rose for the first time in six days, climbing 1.8 percent to 305.50. Gold gained for the first time in four days in London as investors bought the metal after its drop to the lowest level in almost six weeks.
Cashbuild Ltd. (CSB SJ) climbed the most in almost a year after the distributor of building materials said earnings per share for the six months through December rose as much as 140 percent. The shares jumped 7.2 percent to 117.99 rand, the biggest one-day advance since March 25, 2011.
Cie. Financiere Richemont SA (CFR SJ), the world’s second-largest luxury goods maker, which makes almost a quarter of its sales in China and Hong Kong, rose for the second time this week, adding 1.3 percent to 45.60 rand. China will cut import taxes on “a large number” of consumer and luxury goods this year to boost domestic consumption, the China Daily reported today, citing former Vice Commerce Minister Wei Jianguo.
Compu-Clearing Outsourcing Ltd. (CCL SJ), a freight forwarding and clearing company, advanced to a two-month high, climbing 1.7 percent to 3 rand. Earnings per share rose 36 percent to 12.2 cents in the six months through December, the company said today.
MTN Group Ltd. (MTN SJ), Africa’s biggest mobile-phone company, closed at the highest in two months, climbing 3 percent to 139.20 rand. Total subscribers increased 16 percent to 164.5 million in the year through December, the company said today.
RMI Holdings Ltd. (RMI SJ), the investment company with interests in insurance services, fell for a second day, dropping 1.2 percent to 15.80 rand. The group’s casualty and property insurance unit, known as OUTsurance, expects its personal lines business to remain under pressure while its commercial lines unit will continue to gain market share, it said today.
Telkom South Africa Ltd. (TKG SJ), Africa’s biggest fixed-line phone company, rose 5.3 percent, the most in almost three years, to 26.68 rand. KT Corp., South Korea’s largest phone and Internet company, said it is still in talks to buy a stake in Telkom amid speculation the offer may be lowered or scrapped.
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