South Africa Equity Market | 25 Aug 2015: Johannesburg Stock Exchange rebounds, gold miners lose 12.22%

Johannesburg, South Africa (Capital Markets in Africa) — South Africa equity markets returned to the North Pole path. JSE All Share closed 2.83 percent or 1,349.65 points higher to end at 48,980.84 points and the JSE Top 40 index jumped by 1,289.81 points or 3.06 percent to end at 43,439.05 points.

JSE Financial sector index grew by 3.51 percent or 1,473.13 points at 43,498.49 points. Both Industrial sector index and industrial 25 index advanced by 3.38 percent to close at 70,975.68 points and 3.49 percent to settle at 63,238.17 points respectively. The resource index crashed by 1.08 percent or 364.09 points to close at 33,348.33 points and he Gold mining sector index tumbled by 12.22 percent with a closing level of 946.88 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 281 price gainers, 114 price losers and 56 remained unchanged, hence market strength/breathe ended positive.  Amongst the top gainers was Oceana Group Limited surged by 27.78 percent to end at ZAR 23.00 after investors exchanged 20,700 shares. Silverbridge Holdings Limited grew by 19.72 percent after traded 401 shares, boosting the share price to ZAR 1.70. Argent Industrial Limited also advanced by 17.08 percent to sell at ZAR 4.46 after investors traded 31,097 shares. Basil Read Holdings Limited soared by 15.62 percent to ZAR 3.70 after exchanged a total of 88,207 shares. Imperial Holdings Limited added 13.24 percent to end at ZAR 177.90.

On the losers’ league table, was Gold Fields Limited whose shares fell to ZAR 40.38 after 3,718,084 shares were bought and sold, resulting in a loss in share price of 14.81 percent. Harmony Gold Mining Company Limited plummeted by 14.53 percent to end at ZAR 12.18, after 1,989,558 shares were traded. Sibanye Gold Limited sagged by 10.60 percent to conclude at ZAR 14.50 a share after investors bought and sold 2,406,784 shares. Anglogold Ashanti Limited plunged by 10.60 percent after investors traded 3,212,272 shares, sending the share price sliding to ZAR 102.81. Renergen Limited tumbled by 9.04 percent to end at ZAR 15.39 after exchanging 3,009 shares.

On the currency markets front, the South rand was stronger against US dollar at ZAR 13.1083 by appreciating by 0.83 percent and added 1.25 percent against British pound to trade at ZAR 20.5374. The rand also appreciated by 2.04 percent against the Euro to close at ZAR 14.9997.