S. African Shares: BHP, Control Instruments, Truworths, Village
The FTSE/JSE Africa All Share Index (JALSH) advanced, set for its third consecutive weekly gain. The index climbed 0.3 percent to 33,920.64 at 1:26 p.m. in Johannesburg, bringing its gain this week to 0.8 percent.
The following are among the most active equities in the market today. Stock symbols follow company names.
BHP Billiton Ltd. (BHP) , the world’s biggest commodity producer, gained 1.3 percent to 234.58 rand. Copper rallied for a second day in London, on course for the first weekly gain in seven weeks, on speculation central-bank actions aimed at countering the euro-area debt crisis will bolster demand.
Anglo American Plc (AGL) , the diversified miner that makes up about 8 percent of the index, climbed 0.8 percent to 276.51 rand.
Control Instruments Group Ltd. (CNL) rose 3.3 percent to 63 cents, its highest intraday price in more than 10 months. The maker of electronic components said it has entered talks which may result in the sale of its Pi Shurlok (Pty) Ltd. unit as the company seeks to focus on the automotive aftermarket business.
Truworths International Holdings Ltd. (TRU) , South Africa’s largest clothing retailer, fell 0.6 percent to 90.99 rand, paring its gain this week to 4.1 percent. BNP Paribas Cadiz Securities analyst Shamil Ismail cut his recommendation on the stock to reduce from hold. His share price estimate for the stock was unchanged at 72 rand.
Village Main Reef Ltd. (VIL) fell for the first time in eight days, sliding 1.1 percent to 1.77 rand. The gold mining company said a worker died in a blasting-related incident at its Tau Lekoa mine in Orkney, west of Johannesburg on June 13.