South Africa Stocks: BHP, DRDGold, Mpact, Sanlam, Standard Bank
The FTSE/JSE Africa All Share Index (JALSH) advanced for a second day, rising 0.5 percent to 33,758.62 by the close in Johannesburg.
The following were among the most active equities in the South African market today. Stock symbols follow company names.
Bell Equipment Ltd. (BEL) , a manufacturer of materials handling machinery, closed at the highest in 3 1/2 years, jumping 9.5 percent to 23 rand. Earnings per share are expected to be between 2.87 rand and 2.92 rand for the year through December, from 27 cents the previous year, the company said today.
BHP Billiton Ltd. (BIL) , the world’s biggest miner, gained 0.6 percent to 237.69 rand, a second day of advances. Copper rose the most in more than a week in New York as Greece moved nearer to restructuring its borrowings, easing concern the euro-region debt crisis may cut into demand.
DRDGold Ltd. (DRD) , South Africa’s fourth-largest gold miner climbed the most in more than a week, adding 2.3 percent to 5.84 rand, a second day of gains. Gold rose for a second day on signs that investors are buying the precious metal as an alternative to a slumping dollar.
Mpact Ltd. (MPT) (MPT SJ) closed at the highest since it was spun out of Mondi Ltd. in July, climbing 3.3 percent to 15.50 rand. The South African packaging company reported full-year revenue of 6.28 billion rand ($833 million).
Sanlam Ltd. (SLM) , the largest insurer based in South Africa by market value, advanced the most in two months, rising 2.6 percent to 31.29 rand. Full-year earnings from financial- services businesses jumped 14 percent to 3.76 billion rand as new business sales increased 9 percent to 115 billion rand, the company said today. Sanlam raised its dividend 13 percent to 1.30 rand a share.
Standard Bank Group Ltd. (SBK) (SBK SJ), Africa’s largest lender, gained for a second day, adding 0.8 percent to 108.90 rand. Full-year profit advanced 22 percent, the company said in a regulatory filing today.
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