South Africa Equity Markets | 10 Nov 2015: JSE equity trading floor paints in red, resource index 3.23% down …

Johannesburg, South Africa Capital Markets in Africa —On Tuesday, Johannesburg Stock Exchange (JSE) equity trading ended in the negative territory. The JSE All Share (the broadest measure of the equity market performance) declined by 1.51 percent or 805.73 points to trade at 52,565.50 points and the JSE Top 40 index ended 1.59 percent or 763.02 points lower to close at 47,201.94 points.

The financial sector index sagged 0.84 percent or 688.07 points to close at 44,018.84 points. Industrial sector index and industrial 25 index edged down by 1.23 percent to end at 80,045.82 points and declined by 1.61 percent to trade at 71,931.65 points respectively. The resource index also slumped by 3.23 percent or 1,012.60 points to settled at 30,332.24 points and the Gold mining sector index fell by 0.84 percent with a closing level of 688.07 points.

In term of market strength/breath (measured as ratio of gainers to losers), the market registered 76 price gainers and 168 price losers, hence market strength/breathe closed in the negative region.  On the top ten gainers list was Raubex Group, whose shares rose 5 percent to close at ZAR 16.80 after 1,190,483 shares were exchanged in 346 deals today. Also on the list was Fortress Income Fund, whose shares climbed to ZAR 35.52 after 351 deals traded 676,001 shares, a boost in the share price of 4.47 percent. Central Rand Gold Limited jumped by 14.85 percent to close at ZAR 1.16 after 1,486 shares were traded. Delta Emd Limited closed with a price of ZAR 3.20 per share after adding 6.67 percent and traded 7,100 shares.

Stellar Capital Partners was amongst the biggest downward movers, as shares slid 8.92 percent to end at ZAR 2.45 after investors bought and sold 2,320,555 shares in 382 deals. After 7,354 deals exchanged a total of 5,176,500 shares, Anglo American fell 7.75 percent to end at ZAR 105.36. Lonmin Plc was the biggest loser with price fall of 33.44 percent after trading 6,297,496 shares and price settled at ZAR 2.17. Renergen Limited also lost 9.68 percent to close at ZAR 14.00 with only 8 traded shares.

On the forex markets front, the South African rand was stronger against US dollar at ZAR 14.2505 after adding 0.28 percent and against British pound to trade at ZAR 21.4993 after gaining 0.35 percent. The rand rose by 0.81 percent against the Euro to close at ZAR 15.2483.