South Africa Equity Markets | 09 Nov 2015: Equity starts the week in green, all key sectors end in the south …

Johannesburg, South Africa Capital Markets in Africa —The Johannesburg Stock Exchange (JSE) equity trading opened the week on a positive note. The JSE All Share (the broadest measure of the equity market performance) gained 0.77 percent or 407.16 points to settle at 53,371.23 points and the JSE Top 40 index closed 0.89 percent or 424.19 points higher to end at 47,964.96 points.

The financial sector index added 0.13 percent or 57.84 points at 44,706.91 points. Industrial sector index and industrial 25 index grew by 1.00 percent to end at 81,040.77 points and advanced by 1.09 percent to trade at 73,110.39 points respectively. The resource index also soared by 0.80 percent or 249.57 points to settled at 31,344.84 points and the Gold mining sector index rose by 0.89 percent with a closing level of 925.16 points.

In term of market strength/breath (measured as ratio of gainers to losers), the market registered 97 price gainers and 147 price losers, hence market strength/breathe closed in the negative region.  Among the top gainers today was Capital Property Fund which advanced 3.67 percent to close at ZAR 16.95 per share after 1,487 deals traded 3,991,823 shares. Sibanye Gold gained 3.09 percent to end at ZAR 20.00 per share after 3,107,198 shares were bought through 2,538 deals.

In the biggest losers list today was Lonmin Plc went down by 12.83 percent to conclude at ZAR 3.26 per share after 1,480 deals sold 6,056,569 shares. Arcelormittal SA sagged by  6.81 percent to trade at ZAR 6.71 per share after 1,714,655 shares were traded in 706 deals.

On the forex markets front, the South African rand was weaker against US dollar at ZAR 14.1301 after losing 0.88 percent and against British pound to trade at ZAR 21.5909 after dropping 1.49 percent. The rand sagged by 1.21 percent against the Euro to close at ZAR 15.3896.