South Africa Equity Market | 24 Aug 2015: Johannesburg Stock Exchange ends lower …. JSE All share 2.85% down

Johannesburg, South Africa (Capital Markets in Africa) — On Monday the Johannesburg Stock Exchange (JSE) followed the global equity markets down trend to end lower, with falls across the main sector indices except gold miners index. JSE All Share closed 2.85 percent or 1,397.17 points lower to end at 47,631.19 points and the JSE Top 40 index sagged by 1,255.32 points or 2.89 percent to end at 42,149.24 points.

The JSE Financial sector index crashed by 2.49 percent or 1,074.11 points at 42,025.36 points. Both Industrial sector index and industrial 25 index declined by 2.65 percent to close at 68,652.28 points and 2.61 percent to settle at 61,104.97 points respectively. The resource index went down by 4.57 percent or 1,614.68 points to close at 33,712.42 points but the Gold mining sector index climbed by 5.45 percent with a closing level of 1,078.65 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 57 price gainers, 337 price losers and 36 remained unchanged, hence market strength/breathe ended negative.  Amongst the top gainers was London Finance & Investment Group advanced by 14.04 percent to end at ZAR 6.50 after investors exchanged 15,171 shares. Renergen Limited surged by 8.39 percent after traded 666 shares, boosting the share price to ZAR 16.92. Anglogold Ashanti Limited also gained 7.58 percent to sell at ZAR 115.00 after investors traded 5,487,370 shares. Harmony Gold Mining Company Limited soared by 6.34 percent to ZAR 14.25 after exchanged a total of 1,873,117 shares. Gold Fields Limited surged by 4.84 percent to end at ZAR 47.40.

On the losers’ league table, was Cullinan Holdings Limited whose shares fell to ZAR 1.53 after 350 shares were bought and sold, resulting in a loss in share price of 20.73 percent. Basel Read Holdings Limited crashed by 19.80 percent to end at ZAR 3.20, after 29,800 shares were traded. Argent Industrial Limited sagged by 18.59 percent to conclude at ZAR 3.81 a share after investors bought and sold 20,832 shares. Silverbridge Holdings Limited plummeted by 18.39 percent after investors traded 9,090 shares, sending the share price sliding to ZAR 1.42. Africapalladium Debs tumbled by 17.99 percent to end at ZAR 64.00 after exchanging 268,800 shares.

On the currency markets front, the South rand was weaker against US dollar at ZAR 13.1877 by depreciating by 1.84 percent and depreciated by 2.17 percent against British pound to trade at ZAR 20.7543. The rand also depreciated by 3.33 percent against the Euro to close at ZAR 15.2480.