South Africa Equity Markets | 09 Oct 2015: South African Equity Ends on Bullish Momentum, JSE All Shares 1.08% up …

JOHANNESBURG, South Africa, Capital Markets in Africa — The bullish momentum persisted with major indices ended higher, Johannesburg Stock Exchange (JSE) All Share index closed 1.08 percent or 569.04 points higher to close at 53,295.64 points. The JSE Top 40 index also soared by 516.07 points or 1.09 percent to end at 47,809.88 points.

Looking at the sector indices, JSE financial sector index surged by 0.50 percent to end at 44,455.38 points. Both Industrial and industrial 25 sector indexes soared by 0.67 percent to close at 78,582.39 points and higher by 0.50 percent to settle at 70,632.55 points respectively. The resource index added 4.37 percent or 1,565.98 points to close at 37,439.51 points and the Gold mining sector index soared by 3.77 percent or 222.85 points with a closing level of 1,088.86 points.

From the market strength/breath (measured as ratio of gainers to losers), the market recorded 231 price ups, 132 price downs and 67 remained unchanged, hence market strength/breathe closed negative.  Out of the top leaders was Montauk Holdings Limited, whose shares added 19.79 percent to close at ZAR 11.50 after investors exchanged 11,500 shares. Arcelormittal SA Limited climbed by 15.74 percent after traded 1,726,600 shares, boosting the share price to ZAR 12.50. Lonmin Plc also jumped by 13.50 percent to end at ZAR 8.70 after investors traded 6,845,018 shares. Pan African Resource Plc gained 11.45 percent to end at ZAR 1.85 after exchanged a total of 648,392 shares. Wescoal Holdings Limited rose by 11.30 percent to end at ZAR 1.28 after trading 340,361 shares.

On the laggards’ chart was Trematon Capital Investments Limited whose shares fell to ZAR 3.56 after 11,076 shares were bought and sold, resulting in a reduction of 8.95 percent. Synergy Income Fund B L/u tumbled by 6.04 percent to close at ZAR 7.00, after 611,092 shares were traded. Kap Industrial Holdings plunged by 4.02 percent to trade at ZAR 6.45 a share after investors bought and sold 611,092 shares. Rba Holdings Limited sagged by 3.70 percent to trade at ZAR 1.30 after 43,115 traded deals. After investors bought and sold 43,115 shares, Rebosis Property Fund Limited slacked by 3.59 percent to trade at ZAR 10.75.

On the currency markets front, the South rand was stronger against US dollar at ZAR 13.3484 after gaining 0.40 percent and against British pound to close at ZAR 20.4298 after appreciated by 0.23 percent. However, the rand depreciated by 1.15 percent against the Euro to close at ZAR 15.1773.