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South Africa Shares: Anglo, Eastplats, Harmony, Mr Price, Telkom

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May 31 (Bloomberg) -- The FTSE/JSE Africa All Share Index rebounded from its lowest in a week, climbing 0.5 percent to 33,142.61 by the close in Johannesburg. The measure has declined 3.7 percent this month, its biggest monthly drop since September.

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 8 percent of the index, declined to a nine-month low, dropping 1.2 percent to 257.80 rand. Copper futures fell to a five-month low as signs of slowing in the U.S. economy added to concerns that Europe’s debt crisis will damp raw-material demand.

BHP Billiton Ltd. (BIL SJ), the world’s biggest resources company, retreated 1 percent to 221.50 rand.

Eastern Platinum Ltd. (EPS SJ) slid to the lowest on record, slumping 18 percent to 1.85 rand. The producer of the metal in South Africa said it stopped funding for the development of its Mareesburg open pit mine and Kennedy’s Vale processing plant as prices fell and costs rose.

The Foschini Group Ltd. (TFG SJ), a South African clothing retailer, gained 1.1 percent to 119.02 rand, the biggest increase in more than a week. The 12-month price estimate for the stock was raised to 131.65 rand, from 123.78 rand, by Macquarie Research equity analyst Stephen Carrott.

Grindrod Ltd. (GND SJ) fell 2 percent to 14.39 rand, a fifth day of declines, its longest losing streak since December. Tony Stewart resigned with immediate effect as an executive director and chief executive of Grindrod’s trading unit.

Harmony Gold Mining Co. (HAR SJ), Africa’s third-largest producer of the metal, rose 5 percent to 84.51 rand, the highest in almost two months, after agreeing to a new deal with Pan African Resources Plc for the sale of its Evander mine.

SacOil Holding Ltd. (SCL SJ), an African oil and natural-gas explorer, declined to the lowest in almost seven months, sliding 8.5 percent to 43 cents. The company reported a loss of 13.35 cents per share for the year through February, from a loss of 6.62 cents a year earlier.

Telkom South Africa Ltd. (TKG SJ), Africa’s biggest fixed-line telephone operator, slumped to the lowest in more than eight years, falling 4.9 percent to 22.91 rand. The company was excluded from the MSCI South Africa Index at the close of trade today, while Assore Ltd., a mining holding company, and clothing and furniture retailer Mr Price Group Ltd. were included in the stocks gauge.

Assore jumped 2.3 percent to 280 rand, while Mr Price gained 3.2 percent to 104.20 rand.

To contact the reporters on this story: Janice Kew in Johannesburg at jkew4@bloomberg.net; Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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