South Africa Equity Markets |17 Sep 2015: South African Equity closes 4-week higher, all sectors in green …

Johannesburg, South Africa Capital Markets in Africa — On Thursday, South African equity benchmark index reached 4-week high and all key sector indices ended in positive against traders bet on US Fed increased in interest rate. Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) grew by 1.07 percent or 544.33 points to settle at 51,573.57 points and the benchmark JSE Top 40 index ended 549.52 points or 1.21 percent higher to end at 46,137.53 points.

Looking at the sector indices, financial sector index surged by 1.29 percent or 559.60 points at 43,856.42 points. Industrial sector index and industrial 25 index grew by 1.16 percent to end at 75,576.42 points and soared by 1.25 percent to trade at 67,712.85 points respectively. The resource index advanced by 0.15 percent or 55.29 points to settled at 36,191.63 points and the Gold mining sector index surged by 1.30 percent with a closing level of 948.02 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 227 price gainers, 129 price losers and 68 remained unchanged, hence market strength/breathe closed positive.  Out of the top gainers was Oakbay Resource & Energy Limited, whose shares rose by 16.63 percent to end at ZAR 34.99 after investors exchanged 78 shares. Amalgamated Electric Corporation Limited surged by 91.3 percent after traded 29,387 shares, boosting the share price to ZAR 2.75. Harmony Gold Mining Company Limited climbed by 7.41 percent to end at ZAR 11.31 after investors traded 1,659,417 shares. Quantum Foods Holdings Limited grew by 5.31 percent to end at ZAR 3.37 after exchanged a total of 292,555 shares. Cadiz Holdings Limited climbed by 5.29 percent to end at ZAR 1.79 after trading 191,433 shares.

On the losers’ table was Randgold & Exploration Company Limited whose shares fell to ZAR 1.85 after 9,450 shares were bought and sold, resulting in a fall of 9.76 percent. Basil Read Holdings Limited plunged by 7.22 percent to close at ZAR 3.60, after 44,742 shares were traded. Marshall Monteagle Plc fell by 6.25 percent to trade at ZAR 15.00 a share after investors bought and sold 7,700 shares. Huge Group Limited plummeted by 5.00 percent to trade at ZAR 3.80 after 44,000 deals. After investors bought and sold 6,000 shares, London Finance And Investment Group sagged by 4.60 percent to trade at ZAR 6.01.

On the forex markets front, the South rand was weaker against US dollar at ZAR 13.3007 after losing 0.54 percent and against British pound to trade at ZAR 20.6758 after falling by 0.64 percent. The rand also sagged by 0.82 percent against the Euro to close at ZAR 15.1042.

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