BLBG:South Africa Stocks: AngloGold Ashanti, Harmony Gold, Sasol Move
The FTSE/JSE Africa All Share Index (JALSH) gained for the first time in three days, headed for its first annual fall since 2008.
The index added 31.74, or 0.1 percent, to 32,027.61 at 10:23 a.m. in Johannesburg. A close at this level would bring its decline this year to 0.6 percent.
The following are among the active equities in the South African market today. Stock symbols follow company names.
AngloGold Ashanti Ltd. (ANG) , Africa’s biggest producer of the metal, gained for the first time in three days, adding 1.3 percent to 342.276 rand. Gold, poised for an 11th year of advance, rebounded from the lowest level in six months as a slump that threatened to tip the metal into a bear market spurred purchases, tempering the effect of a stronger dollar.
Harmony Gold Mining Co. Ltd. (HAR) , South Africa’s third-largest gold producer, climbed 0.6 percent to 95.27 rand. DRDGold Ltd. (DRD) advanced 1.3 percent to 4.57 rand.
Sasol Ltd. (SOL) , which provides 40 percent of South Africa’s motor fuel, increased for a second day, rising 1.1 percent to 385.01 rand. Oil rose for a second day, heading for a third annual increase, on speculation escalating tension in the Middle East may disrupt supplies as a recovery in the U.S. economy bolsters demand.
-- Editors: Ash Kumar, Tim Farrand
To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net