South African Stocks: Anglo, Esorfranki, FirstRand Move
The FTSE/JSE Africa All Share Index (JALSH) declined for a second day, dropping 0.5 percent to 34,031.77 by the close in Johannesburg. The gauge retreated 0.2 percent last week.
The following were among the most active equities in the South African market today. Stock symbols follow company names.
Anglo American Plc (AAL) , the diversified miner that makes up about 9 percent of the index, fell for a third day, dropping 1.4 percent to 311.50 rand. Copper declined for a second day as China lowered its growth target.
BHP Billiton Ltd. (BIL) , the world’s biggest miner, slipped 1.6 percent to 239.52 rand.
AngloGold Ashanti Ltd. (ANG) , South Africa’s biggest producer of the metal, slid to its lowest in seven months, sliding 0.8 percent to 309.50 rand. Gold retreated after China announced the lowest economic growth target for seven years and a stronger dollar cut demand for an alternative asset.
Harmony Gold Mining Co. Ltd. (HAR) , the nation’s third- biggest gold miner, dropped 1.3 percent to 91.95 rand.
Exxaro Resources Ltd. (EXX) , a South African coal miner, dropped for the first time in five days, falling 1 percent to 212.71 rand. Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined to the lowest level in six weeks, according to IHS McCloskey data on Bloomberg.
Ubulele Holdings Ltd. (UBU) , a distributor of food and agricultural chemicals, fell the most in six weeks, sliding 14 percent to 69 cents. The company said it will report a loss per share of as much as 10.53 cents for the six months through December.
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