South Africa Stocks: Anglo, Aspen Pharma, BHP, Real Africa Move
The FTSE/JSE Africa All Share Index declined 52.05, or 0.2 percent, to 32,760.59 by 12:15 p.m. in Johannesburg. The index rose the most in 18 months yesterday, advancing 3.7 percent, lifting November’s gains to 1.4 percent.
Anglo American Plc (AAL) , the mining company that makes up more than 9 percent of the benchmark stock index, gained for a second day, rising 1 percent to 313.54 rand. Standard & Poor’s GSCI Index of Commodities advanced for a fourth day, its longest winning streak in three weeks.
BHP Billiton Ltd. (BIL) , the world’s largest mining group, added 0.7 percent to 251.01 rand.
Aspen Pharmacare Holdings Ltd. (APN) , the largest maker of generic medicines in the southern hemisphere, dropped for the first time in six days, falling 1.8 percent to 95.70 rand. A strike by workers in South Africa during the first half will have a “fairly severe” impact on earnings, Chief Executive Officer Stephen Saad said at the company’s annual meeting of shareholders in Johannesburg today.
Pick n Pay Stores Ltd. (PIK) , South Africa’s second- biggest food retailer, increased for a sixth day, rising 1.8 percent to 44.37 rand. The company reached an agreement with a labor union to avoid firing workers while allowing a more flexible workforce, it said in a statement today.
Real Africa Holdings Ltd. (RAH) , the investment company with interests in gaming and tourism, rose the most in two months, climbing 5.3 percent to 4 rand. Sun International Ltd. (SUI SJ) has offered 4.22 rand per share for the rest of the shares in Real Africa Holdings Ltd. that it doesn’t already own.
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