The FTSE/JSE Africa All Share Index advanced for the first time in three days, climbing 1.2 percent to 33,792.75 by the close in Johannesburg. The index declined 1.3 percent this week.
The following were among the most active equities in the market today. Stock symbols follow company names.
AngloGold Ashanti Ltd. (ANG SJ), Africa’s largest producer of the metal, jumped the most in more than a month, rising 1.8 percent to 268.76 rand. Spot gold gained 0.6 percent, paring its weekly loss to 0.1 percent
Gold Fields Ltd. (GFI SJ), South Africa’s second-biggest producer, rose 1.1 percent to 100.74 rand.
BHP Billiton Ltd. (BIL SJ), the world’s biggest commodity producer, increased for the first time in seven days, adding 2.8 percent to 231.80 rand. Copper rose the most in two weeks on speculation that Chinese policy makers will roll out additional stimulus measures after economic growth slowed to a three-year low the last quarter.
Exxaro Resources Ltd. (EXX SJ), part-owner of South Africa’s biggest iron-ore mine, advanced for the first time in six days, jumping 2.7 percent to 173.50 rand. The company’s 14-day relative strength index, which shows how rapidly prices advanced or declined during a specified time period, declined to 30.1 yesterday, the lowest since May 18. A reading of 30 or below signals to some investors that shares are set to increase.
Telkom South Africa Ltd. (TKG SJ), Africa’s largest fixed-line operator, slid to the lowest in more than nine years, slipping 1 percent to 18.01 rand. The company withdrew a cautionary notice following the government’s decision not to support selling a stake to South Korea’s KT Corp.
Woolworths Holdings Ltd. (WHL SJ), a South African food and clothing retailer, added the most in more than three weeks, climbing 2.8 percent to 52.22 rand. Investec Ltd. raised its price estimate for the stock to 57 rand from 52 rand.