Bloomberg reported the FTSE/JSE Africa All Share Index advanced for a second day as it climbed 1.4% following the rise of miners’ stocks.
As quoted in the market news:
Anglo American Plc (AAL) , the diversified miner that makes up more than 7 percent of the index, gained for a second day, adding 0.9 percent to 279 rand. Copper advanced with most commodities after gains by pro-bailout parties in a Greek election eased concern the country might leave the euro area and worsen the debt crisis that threatens demand. BHP Billiton Ltd. (BIL) , the world’s biggest commodity producer, added 1.9 percent to 240.49 rand.