South African Stocks: BHP, Anglo, Omnia, SacOil, Royal Bafokeng
South Africa’s FTSE/JSE Africa All Share Index rose for a fifth day, gaining 108.44, or 0.3 percent, to 31,764.37 at the 5 p.m. close in Johannesburg.
The following were among the most active stocks in the South African market today.
BHP Billiton Ltd. (BIL SJ), the world’s biggest mining company, advanced the most in four days, jumping 7.09 rand, or 2.7 percent, to 270.59 rand. Copper surged to a record $9,044 a metric ton in London. Anglo American Plc (AGL SJ), a diversified miner, rose 3.01 rand, or 0.9 percent, to 335 rand, increasing for a fifth day.
Omnia Holdings Ltd. (OMN SJ), southern Africa’s largest fertilizer producer, jumped 2.73 rand, or 4.1 percent, to 70 rand to the highest close since Sept. 25. Omnia reported a profit for the six months through September after a loss a year earlier.
Royal Bafokeng Platinum Ltd. (RBP SJ) declined 95 cents, or 1.4 percent, to 65 rand. The company said it approved a seven- year, 1.3 billion-rand expansion at its Bafokeng Rasimone platinum mine in Rustenburg to boost output, according to a statement released after the close of trading yesterday. The company listed its shares on the Johannesburg Stock Exchange Nov. 8, seeking funds to increase production after platinum prices rallied this year.
SacOil Holdings Ltd. (SCL SJ) retreated for a second day, losing 2 cents, or 1.1 percent, to 1.88 rand. The oil and natural gas explorer agreed to acquire a 20 percent stake in Nigerian oil and gas field OPL 233 and may start production in 2013, the company said in a statement. As its “entry cost,” SacOil will pay a “farm-in fee” of $8 million and capital expenditures costs to develop the field, Robin Vela, the company’s chief executive officer, said in a telephone interview from Johannesburg.
Simmer & Jack Mines Ltd. (SIM SJ), a gold producer, advanced 6 cents, or 6 percent, to 1.06 rand, the highest in four months. Simmers agreed to merge with Village Main Reef Gold Mining Co. Ltd. (VIL SJ), a mining investment company. Village Main Reef declined 4 cents, or 1.7 percent, to 2.36 rand. Trade union Solidarity said in an e-mailed statement it will not tolerate any job losses resulting from the merger.
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