The FTSE/JSE Africa All Share Index fell for the first time in three days, retreating 0.2 percent to 34,385.23 by 12:34 p.m. in Johannesburg.
The following are among the most active equities in the market today. Stock symbols follow company names.
First Uranium Corp. (FUM) , a uranium and gold producer, headed for its highest close in almost five months, jumping 6.5 percent to 1.97 rand. The company said shareholders holding almost 92 percent of its equity voted in favour of selling assets to AngloGold Ashanti Ltd. and Gold One International Ltd.
Gold Fields Ltd. (GFI SJ), South Africa’s second-biggest producer, jumped to the highest in almost a week, rising 1.4 percent to 114.16 rand. Gold climbed for an eighth day in the longest rally since July as concern over Europe and speculation the Federal Reserve will act to spur growth boosted demand for a store of value.
Harmony Gold Mining Co. Ltd. (HAR) , the country’s third- largest producer, advanced 2.7 percent to 87.20 rand.
Sasol Ltd. (SOL) , the largest producer of motor fuels made from coal, fell for the first time in five days, declining 0.9 percent to 368.73 rand. Oil fell a second day in New York as rising bad loans in Spain fueled speculation that Europe’s debt crisis will spread and threaten global economic growth.
Telkom South Africa Ltd. (TKG) , Africa’s largest fixed- line operator, jumped to the highest in almost two weeks, advancing 1.8 percent to 20.71 rand. Business Day reported South Africa is considering buying the shares in the company it doesn’t already own and delisting it from the Johannesburg bourse. Shares pared their gains after the government said it has no plans to buy out minority shareholders.
Editors: Peter Branton, Alan Purkiss
To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
