South Africa Market Watch | 24 July 2015: South African markets sink as confidence wains … JSE All 1.89% down

Johannesburg, South Africa (Capital Markets in Africa) — On Friday, blood prevailed as the Johannesburg Stock Exchange (JSE) All Share decreased by 880.94 or 1.89 percent to close at 51,356.08 points. The JSE Top 40 index plunged by 1.70 percent or 790.78 points to end at 45,858.45 points.

The financial sector index tumbled by 1.28 percent or 582.69 points at 44,998.25 points. Both Industrial sector index and industrial 25 index went down 1.46 percent to close at 74,939.22 points and 1.46 percent to settle at 66,883.73 points respectively. Likewise, the resource sector index fell by 3.49 percent with a closing level of 34,544.87 points and the JSE Gold index tumbled 5.15 percent or 44.00 points at 810.07 points.

Looking at the market strength/breath, the market recorded 106 price gainers and 266 price losers as well as 50 remained unchanged, hence market strength/breathe ended negative. Amongst the gainers today was Intewaste Holdings Limited which gained 9.09 percent to trade at ZAR 1.20 per share after 14 deals bought 761,698 shares. Also rising was Fairvest Property Holdings Limited which rose 5.88% to end at R1.80 per share after 412,689 shares were bought through 11 deals. Texton Property Fund Limited which rose 6.31 percent to trade at ZAR 10.95 per share as 105,320 shares were bought and sold. Labat Africa Limited advanced6.03 percent to trade at ZAR 1.23 per shares.

Topping the losers today were Lonmin Plc which lost 18.84 percent to trade lower at ZAR 11.93 per share after 1535 deals sold 1,625,210 shares. Also slipping today was Sibanye Gold Limited which slipped 7.84 percent to close down at ZAR 16.82 per share after 2,679,243 shares were sold in 1724 deals.

On the currency markets front, the South rand depreciated against US dollar at ZAR 12.6313 by plummeting by 1.51 percent and by 1.44 percent against Euro to trade at ZAR 13.8699. The rand also fell by 1.45 percent against the British pound to end at ZAR 19.5595.

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