Sept. 5 (Bloomberg) — South Africa’s FTSE/JSE Africa All Share Index lost 421.78, or 1.6 percent, to 25,768.31 at 12:40 a.m. in Johannesburg, the lowest value since Jan. 28. The measure has retreated 7 percent this week.
The following are among the most active stocks in the South African market today.
Anglo American Plc (AGL SJ), the mining company which has the biggest weighting on the exchange, declined for a sixth day, dropping 12.50 rand, or 3.6 percent, to 334. BHP Billiton Ltd. (BIL SJ), the world’s largest mining company, retreated 6.83 rand, or 3.2 percent, to 205.47, bringing its slump this week to 13 percent.
Copper for delivery in three months slid as much as 3.4 percent to $6,980 a metric ton in London, heading for a second weekly slide as crude oil tumbled and the dollar climbed against the euro, eroding demand for investments in raw materials. Nickel, lead, zinc and aluminum prices also dropped.
Liberty International Plc (LBT SJ) dropped 1.90 rand, or 1.4 percent, to 130.10, the lowest since Aug. 25. The largest owner of shopping centers in the U.K. was rated “sell” in new coverage at Societe Generale SA after gains last month.
Oceana Group Ltd. (OCE SJ) climbed 40 cents, or 2.1 percent, to 19.70 rand, reversing yesterday’s loss. South Africa’s largest fishing company by market value said annual earnings per share rose between 40 percent and 55 percent from a year earlier.
Peregrine Holdings Ltd. (PGR SJ) fell 25 cents, or 1.9 percent, to 12.86 rand, the steepest drop since Aug. 20. The financial-services company which owns South Africa’s largest single strategy hedge fund manager said first-half earnings per share excluding one-time items will be lower than a year earlier, without giving an earnings range.
Read full article: South African Equities: Anglo American, Liberty, Oceana, York at the finance category
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