South African Stocks Climb For a Second Day, Led by Gold Fields, Holdsport
The FTSE/JSE Africa All Share Index rose for a second day, gaining 427.11, or 1.4 percent, to 30,459.82 at the 5 p.m. close in Johannesburg.
The following were among the most active stocks in the South African market today.
Gold Fields Ltd. (GFI) , the continent’s second-biggest gold producer rose to its highest intraday level in more than six months, gaining 2.93 rand, or 2.4 percent, to 125.25 rand. The company will decide on an option to buy 60 percent of the Far Southeast gold and copper project in the Philippines by March next year, Gold Fields Philippines Corp. President Brett Mattison told reporters.
Holdsport Ltd. (HSP SJ), a sports equipment retailer, gained for the first day in 10 after saying basic earnings per share for the six months to Aug. 31 increased by more than 20 percent. The shares rose 90 cents, or 3.1 percent, to 30.15 rand.
Impala Platinum Holdings Ltd. (IMP) , the world’s second- biggest platinum miner, rose for the first day in five, advancing 4.22 rand, or 2.6 percent, to 164.84 rand. The company’s Zimbabwean unit said it has had “productive” meetings over the past two days and the threat of cancellation of its operating license has fallen away, according to a regulatory filing.
RMB Holdings Ltd. (RMH) , which owns a 34 percent stake in FirstRand Ltd., South Africa’s second-biggest lender by assets, climbed to the highest closing level in two months after declaring a special dividend of 25.89 rand a share in addition to an ordinary dividend of 95 cents. The shares added 93 cents, or 3.6 percent, to 26.78 rand.
Rolfes Technology Holdings Ltd. (RLF) , a color pigment manufacturing company, advanced to its highest in more than a month, gaining 15 cents, or 6.4 percent, to 2.50 rand. Earnings per share rose 35 percent to 31.4 cents in the year through June, the company said in a regulatory filing.
Sasfin Holdings Ltd. (SFN) , a financial services company, fell to its lowest in more than two years, declining 1.49 rand, or 4.7 percent, to 30.51 rand. The company reported a 23 percent drop in earnings per share to 3.04 rand for the year to June 30 from 3.96 rand a year earlier.
Village Main Reef Ltd. (VIL SJ), a mining-investment company, headed for its highest close in more than three months, advancing 12 cents, or 7.6 percent, to 1.71 rand. The group reported cash operating profit of 27.7 million rand ($4 million) for the three months ended June 30.
To contact the editor responsible for this story: Gavin Serkin at email@example.com