South African Equities: Brait, Gold Fields, Exxaro, Stefanutti
The FTSE/JSE Africa All Share Index advanced the most in a week, rising 330.29, or 1 percent, to 32,674.18 by the close in Johannesburg, a fourth day of gains.
The following were among the most active stocks in the South African market today.
Harmony Gold Mining Co. (HAR SJ), the continent’s third- largest gold company, added 1.5 percent to 113.80 rand.
Exxaro Resources Ltd. (EXX) , a diversified mining group, rose for a second day, gaining 0.8 percent to 180.98 rand. The company said a delay in government approval for its Fairbreeze mine will not affect its deal to sell its mineral sands assets to Tronox Inc. in exchange for a 39 percent stake in the U.S.- based pigment producer.
Reinet Investments SCA (REI) , advanced for the first time in three days, adding 1.5 percent to 13.90 rand. The company’s net asset value increased by 14 percent to 3.18 billion euros ($4.3 billion) between March 31 and Sept. 30, the company said in a regulatory filing.
Reunert Ltd. (RLO) , a maker of electric power cables and telecommunications equipment, gained for a fourth day, climbing 2 percent to 62 rand. Diluted earnings per share rose 61 percent to 803.3 cents in the year through September, compared with the same period a year earlier, the company said in a regulatory announcement.
Stefanutti Stocks Holdings Ltd. (SSK) , a construction and engineering company, closed at a four-week low, declining 2.3 percent to 10.70 rand. Earnings per share fell 25 percent to 72.67 cents in the six months to Aug. 31 from the year earlier period.
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