The FTSE/JSE Africa All Share Index advanced for a third day, adding 0.5 percent to 34,222.58 at the close in Johannesburg.
The following are among the most active equities in the market today. Stock symbols follow company names.
Adcock Ingram Holdings Ltd. (AIP SJ), a maker of generic medicines, fell for the first time in four days, dropping 0.7 percent to 60.35 rand. The stock was reinstated underperform at Bank of America Corp. with a 53 rand price estimate.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest producer of the metal, rose for a second day, adding 1.7 percent to 280.76 rand. Advanced technological mining processes are benefiting the company’s performance, Chief Executive Officer Mark Cutifani said today in a speech in Sydney.
Tiger Brands Ltd. (TBS SJ), South Africa’s biggest food company, advanced for a fifth day, climbing 1.9 percent, to 255.50 rand after saying it reached agreement in principle to buy a 63.4 percent stake in Dangote Flour Mills Plc of Nigeria from Dangote Industries Ltd.