March 9 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for a third day, rising 0.5 percent to 33,909.91 by 9:55 a.m. in Johannesburg.
The index has gained 55 percent since the global stock market bottomed three years ago.
The following are among the most active equities in the South African market today. Stock symbols follow company names.
Bell Equipment Ltd. (BEL SJ), a manufacturer of materials handling machinery, jumped for a second day, climbing 6.5 percent to 24.50 rand. Earnings per share are expected to be in the range of 2.87 rand to 2.92 rand for the year through December, from 27 cents the previous year, the company said yesterday.
Mpact Ltd. (MPT SJ) gained for a third day, climbing 4.5 percent to 16.20 rand. The South African packaging company reported a 6.4 percent increase in operating profit yesterday.
Old Mutual Plc (OML SJ) rose to the highest in more than two weeks, gaining 1.7 percent to 19.55 rand. The U.K.’s third-largest insurer by market value said today full-year profit climbed 11 percent as sales grew in emerging markets.
RBA Holdings Ltd. (RBA SJ), a developer of low-cost houses, rose the most in more than two weeks, climbing 18 percent to 20 cents. Earnings per share for the year through December will be from 0.7 cents to 1.2 cents, compared with a loss of 4.33 cents a year earlier, the company said today.
Sanlam Ltd. (SLM SJ), the largest insurer based in South Africa by market value, advanced to the highest since its 1998 listing, climbing 2.6 percent to 32.10 rand. The stock was raised to buy from underperform, or the equivalent of sell, at Bank of America, while UBS AG raised its price target to 33.50 rand from 31.50 rand.
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