South Africa Equity Markets | 03 Nov 2015: Major and sector indices edge up, MTN Group gains 4.97%, financial sector index down

Johannesburg, South Africa Capital Markets in Africa —The Johannesburg Stock Exchange equity trading continued on a upward trend at the end of Tuesday’s trading session.  The Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) grew by 0.40 percent or 66.52 points to settle at 54,076.07 points and the benchmark JSE Top 40 index closed 0.41 percent or 196.69 points higher to end at 48,548.21 points.

The financial sector index lost 0.32 percent or 147.00 points at 45,634.25 points. Industrial sector index and industrial 25 index grew by 0.45 percent to end at 81,146.42 points and advanced by 0.44 percent to trade at 73,077.51 points respectively. The resource index also surged by 1.61 percent or 531.97 points to settled at 33,618.28 points and the Gold mining sector index added 0.69 percent with a closing level of 1,046.76 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 130 price gainers and 110 price losers, hence market strength/breathe closed in the positive region.  On the top ten gainers list was Lonmin Plc, whose shares rose 6.02 percent to sell at ZAR 5.46 after 2,566,981 shares were exchanged in 523 deals today. Also on the list was MTN Group, whose shares climbed to ZAR 155.54 after 14,337 deals traded 16,674,474 shares, a boost in the share price of 4.97 percent.

Telkom SA was amongst the biggest movers downwards, as shares slid 4.55 percent to ZAR 67.90 after investors bought and sold 1,108,682 shares in 1,560 deals. After 247 deals exchanged a total of 473,776 shares, Arcelormittal SA fell 3.75 percent to ZAR 7.70.

On the forex markets front, the South rand was stronger against US dollar at ZAR 13.7708 after adding 0.07 percent and against British pound to trade at ZAR 21.1993 after gaining 0.12 percent. The rand grew by 0.59 percent against the Euro to close at ZAR 15.0924.

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