South Africa Equity Market | 28 Aug 2015: South African Stocks end the week on a positive note …

Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange equity markets ended Friday’s trading in the North Pole after starting the week from the South Pole, as a result it ended the week on a positive note.

JSE All Share closed 1.71 percent or 841.72 points higher to end at 49,966.80 points and the JSE Top 40 index massively jumped by 758.76 points or 1.74 percent to end at 44,383.74 points.

JSE Financial sector index soared by 1.10 percent or 479.38 points at 43,862.81 points. Both Industrial sector index and industrial 25 index advanced by 1.59percent to close at 71,909.38 points and 1.59 percent to settle at 64,049.21 points respectively. The resource index leaped by 3.51 percent or 1,224.36 points to close at 36,075.25 points and the Gold mining sector index gained 8.87 percent with a closing level of 968.74 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 287 price gainers, 92 price losers and 52 remained unchanged, hence market strength/breathe ended positive.  Amongst the top gainers was Eastern Platinum Limited, whose shares climbed 18.18 percent to end at ZAR 13.00 after investors exchanged 10 shares. Silverbridge Holdings Limited rose 17.06 percent after traded 47,461 shares, boosting the share price to ZAR 1.99. Mazor Group Limited also jumped by 15.38 percent to end at ZAR 1.50 after investors traded 150 shares. Nvest Financial Holdings Limited leaped by 15.00 percent to ZAR 2.99 after exchanged a total of 12,560 shares. Finbond Group Limited surged by 12.02 percent to end at ZAR 4.38 after trading 21,881 shares.

Conversely, Argent Industrial Limited whose shares plunged to ZAR 4.02 after 5,000 shares were bought and sold, resulting in a fall of 8.43 percent. Oceana Group Limited slumped by 6.48 percent to end at ZAR 21.51, after 67,434 shares were traded. Hospitality Prop Fund A tumbled by 6.02 percent to conclude at ZAR 12.50 a share after investors bought and sold 1,000,000 shares. Mix Telematics Limited also plunged by 5.15 percent to conclude at ZAR 3.13 after 195,985 deals. After investors bought and sold 88,593 shares, Advanced Health sagged by 4.76 percent to trade at ZAR 2.00.

On the currency markets front, the South rand was weaker against US dollar at ZAR 13.3028 by falling by 1.36 percent and also against British pound to trade at ZAR 20.4515 after adding 1.32 percent. The rand also sagged by 0.33 percent against the Euro to close at ZAR 14.8961.

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