South Africa Equity Markets | 9 Sep 2015: JSE All Share index ends higher, gold miners lower and resources index higher …

Johannesburg, South Africa Capital Markets in Africa —The positive momentum continued on the Johannesburg Stock Exchange. Johannesburg Stock Exchange (JSE) All Share edged up by 0.30 percent or 150.06 points to settle at 49,723.55 points and JSE Top 40 index grew by 142.21 points or 0.32 percent to end at 44,249.39 points.

From the sector viewpoint, financial sector index added 0.53 percent or 269.01 points at 42,998.39 points. Whereas, Industrial sector index and industrial 25 index sagged by 0.46 percent to close at 71,680.88 points and fell by 0.49 percent to trade at 63,888.30 points respectively. The resource index increased by 3.55 percent or 1,260.17 points to closed at 36,710.96 points but the Gold mining sector index plummeted 1.03 percent with a closing level of 969.58 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 205 price ups, 164 price downs and 69 price stables, hence market strength/breathe ended positive.  Amongst the top price gainers was Eastern Platinum Limited, whose shares soared by 21.08 percent to end at ZAR 8.50 after investors exchanged 300 shares. Renergen Limited rose 13.33 percent after traded 1,278 shares, boosting the share price to ZAR 17.00. Petmin Limited also jumped by 9.02 percent to end at ZAR 1.45 after investors traded 1,101,780 shares. Kibomining Plc advanced by 9.02 percent to ZAR 1.33 after exchanged a total of 14,592 shares. Amalgamated Electrical Corporation Limited grew by 8.33 percent to end at ZAR 2.60 after trading 411,783 shares.

Arcelormittal Sa Limited whose shares shrank to ZAR 9.16 after 986,939 shares were bought and sold, resulting in a decrease of 6.24 percent. Basil Read Holdings Limited slumped by 6.17 percent to end at ZAR 3.80, after 67,600 shares were traded. Net 1 Ueps Tech Inc sagged by 5.47 percent to end at ZAR 256.15 a share after investors bought and sold 200 shares. Min Group Limited also plummeted by 5.35 percent to close at ZAR 5.35 after 12,780,320 deals. After investors bought and sold 30,600 shares, Montauk Holdings Limited decreased by 4.76 percent to trade at ZAR 95.05.

On the forex markets front, the South rand was weaker against US dollar at ZAR 13.7551 after losing 0.20 percent and against British pound to trade at ZAR 21.0902 by going down 0.03 percent. The rand also fell by 0.18 percent against the Euro to close at ZAR 15.3501.

Leave a Comment