South Africa Equity Markets | 01 Oct 2015: JSE finishes higher led by commodity shares …

JOHANNESBURG, South Africa, Capital Markets in Africa —On Thursday, Johannesburg Stock Exchange (JSE) All Share index ended 0.85 percent or 427.72 points higher to close at 50,516.58 points. The JSE Top 40 index also added 371.59 points or 0.83 percent to end at 45,252.77 points.

The JSE financial sector index surged by 1.44 percent to end at 43,297.81 points. Both Industrial and Industrial 25 sector indexes higher by 0.46 percent to close at 75,092.86 points and added 0.41 percent to settle at 67,445.91 points respectively. The resource index surged by 1.92 percent or 606.99 points to close at 32,248.02 points and the Gold Mining sector index advanced by 2.27 percent or 21.21 points with a closing level of 957.16 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 217 price gainers, 138 price losers and 40 remained unchanged, hence market strength/breathe closed positive.  Out of the top gainers was African & Overseas Enterprises Limited, whose shares rose by 51.52 percent to close at ZAR 11.00 after investors exchanged 200 shares. Super Group Limited surged by 15.94 percent after traded 535,114 shares, boosting the share price to ZAR 4.00. Rcl Foods Limited also jumped by 8.61 percent to end at ZAR 16.40 after investors traded 52,137 shares. Lonmin Plc advanced by 8.57 percent to end at ZAR 3.80 after exchanged a total of 987,526 shares. Basil Read Holdings Limited climbed by 7.06 percent to end at ZAR 4.40 after trading 407,294 shares.

On the losers’ table was, Randgold & Exploration Company Limited whose shares decrease to ZAR 1.70 after 20,000 shares were bought and sold, resulting in a fall of 8.11 percent. Alaris Holdings Limited tumbled by 5.96 percent to close at ZAR 2.05, after 19,937 shares were traded. Nampak plummeted by 5.47 percent to trade at ZAR 24.39 a share after investors bought and sold 6,380,292 shares. Aveng Limited slumped by 5.28 percent to trade at ZAR 3.41 after 830,014 traded deals. After investors bought and sold 22,583 shares, Csg Holdings Limited sagged by 5.17 percent to trade at ZAR 1.65.

On the currency markets front, the South rand was weaker against US dollar at ZAR 13.9325 by losing 0.72 percent and against British pound to trade at ZAR 21.0524 after losing 0.61 percent. The rand depreciated by 0.82 percent against the Euro to close at ZAR 15.5878.