South Africa Equity Market | 27 Aug 2015: Johannesburg Stock Exchange recover lost ground, all sectors end higher

Johannesburg, South Africa (Capital Markets in Africa) —The South Africa equity markets rebounded at the end of today’s trading session, with gainers across the main sector indices. Johannesburg Stock Exchange (JSE) All Share climbed by 379.23 points or 1.58 percent to close at 49,125.08 points and the JSE Top 40 index jumped by 770.92 points or 1.80 percent to end at 43,624.98 points.

From the sector perspectives, financial sector index added 1.12 percent or 478.97 points at 43,383.43 points. Both Industrial sector index and industrial 25 index soared by 0.95 percent to close at 70,787 points and 1.00 percent to settle at 63,045.64 points respectively. The resource index surged by 5.96 percent or 1,959.20 points to closed at 34,850.89 points and the Gold mining sector index gained 3.55 percent with a closing level of 889.81 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 208 price gainers, 139 price losers and 51 remained unchanged, hence market strength/breathe ended positive.  Amongst the top gainers was Oceana Group Limited, whose shares climbed 19.92 percent to end at ZAR 23.00 after investors exchanged 10,729 shares. Cargo Carriers Limited rose 12.00 percent after traded 236 shares, boosting the share price to ZAR 14.00. Basil Read Holdings Limited also jumped by 11.54 percent to end at ZAR 4.35 after investors traded 121,129 shares. Trematon Capital Investment Limited rose by 10.45 percent to ZAR 3.70 after exchanged a total of 14,898 shares. Mix Telematics surged by 8.20 percent to end at ZAR 3.70 after trading 3,025 shares.

Eastern Platinum Limited whose shares plunged to ZAR 11.00 after 3,000 shares were bought and sold, resulting in a fall of 18.52 percent. Sabvest Limited slumped by 8.44 percent to end at ZAR 32.00, after 1,285 shares were traded. Trans Hex Group Limited tumbled by 5.82 percent to conclude at ZAR 2.59 a share after investors bought and sold 22,384 shares. Value Group Limited also plunged by 5.69 percent to conclude at ZAR 3.15 after 4,212 deals. After investors bought and sold 20,874 shares, Csg Holdings Limited decreased by 5.62 percent to trade at ZAR 1.51.

On the forex markets front, the South rand was weaker against US dollar at ZAR 13.1222 by falling by 0.04 percent but stronger against British pound to trade at ZAR 20.1814 after adding 0.46 percent. The rand also rose by 0.66 percent against the Euro to close at ZAR 14.7502.