The FTSE/JSE Africa All Share Index declined for a second day, falling 0.4 percent to 33,483.26 by the close in Johannesburg. The gauge has gained 4.7 percent this year after retreating 0.4 percent in 2011.
The following were among the most active equities in the market today. Stock symbols follow company names.
Anglo American Plc (AGL SJ), the diversified miner that makes up about 9 percent of the index, fell to the lowest in almost six months, sliding 1.6 percent to 282.99 rand. Standard & Poor’s GSCI index of commodities declined for a third day.
AngloGold Ashanti Ltd. (ANG SJ), the world’s third-largest producer of the metal, fell for a second day, slipping 1.2 percent to 282.36 rand. Gold fell amid weakening physical demand and as further signs of economic recovery in the U.S. reduced the metal’s appeal as an alternative investment.
Clicks Group Ltd. (CLS SJ), a retailer of toiletries, music and pharmaceuticals, dropped 1.4 percent to 44.65 rand. The stock was rated sell in new coverage at Avior Research (Pty) Ltd., with a price estimate of 46.69 rand.
MTN Group Ltd. (MTN SJ), Africa’s biggest mobile-phone company, fell for the first day in three, declining 1.5 percent to 137.40 rand. Turkcell Iletisim Hizmetleri AS alleged in a lawsuit that MTN bribed officials, arranged meetings for Iran with South African leaders, and promised Iran weapons and United Nations votes in exchange for a license to provide cell-phone services in the Islamic Republic.
Mvelaserve Ltd. (MVS SJ), a securities and facilities management company, declined the most in more than two weeks, sliding 2.5 percent to 11.50 rand. Fiscal first-half net income declined to 17.2 million rand ($2.2 million) from 87.2 million rand a year earlier, the company said today.
Pallinghurst Resources Ltd. (PGL SJ), a commodities investment company, advanced the most in almost seven months, jumping 9 percent to 3.38 rand. The group joined with the Industrial Development Corp. of South Africa and the Bakgatla Ba Kgafela Tribe to create a new platinum group metals producer.