South Africa Equity Markets |10 Sep 2015: JSE All Share index lower, South African Rand appreciates …

Johannesburg, South Africa Capital Markets in Africa — On the Johannesburg Stock Exchange (JSE), the JSE  All Share (the broadest measure of the equity market performance) lost 0.39 percent or 195.42 points to settle at 49,528.12 points and the benchmark JSE Top 40 index ended 223.58 points or 0.51 percent lower to end at 44,025.81 points.

From the sector viewpoint, financial sector index dropped 0.11 percent or 46.21 points at 42,940.61 points. Industrial sector index and industrial 25 index sagged by 0.22 percent to close at 71,522.46 points and fell by 0.24 percent to trade at 63,737.36 points respectively. The resource index declined by 1.72 percent or 630.23 points to closed at 36,080.73 points but the Gold mining sector index surged by 1.11 percent with a closing level of 980.38 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 159 price ups, 186 price downs and 61 price stables, hence market strength/breathe ended negative.  Amongst the top price gainers was Trans Hex Group, whose shares grew by 7.76 percent to end at ZAR 2.50 after investors exchanged 68,431 shares. Taste Holdings Limited surged by 6.43 percent after traded 75,623 shares, boosting the share price to ZAR 4.47. Amalgamated Electrical Corporation Limited also gained 5.77 percent to end at ZAR 2.75 after investors traded 5,006 shares. Clientete Limited added 5.5 percent to ZAR 18.99 after exchanged a total of 11,788 shares. Montauk Holdings Limited grew by 5.00 percent to end at ZAR 10.50 after trading 12,912 shares.

Afrocentric Investment Corp Limited whose shares fell to ZAR 4.65 after 158,426 shares were bought and sold, resulting in a decrease of 11.43 percent. Arcelormittal Sa Limited slumped by 9.93 percent to end at ZAR 8.25, after 1,024,192 shares were traded. Kibomining Plc sagged by 9.02 percent to end at ZAR 1.21 a share after investors bought and sold 42,500 shares. Acsion Limited also plummeted by 7.50 percent to close at ZAR 9.50 after 2,100 deals. After investors bought and sold 30,600 shares, Oceana Group Limited plunged by 6.64 percent to trade at ZAR 93.05.

On the forex markets front, the South rand was stronger against US dollar at ZAR 13.5931 after adding 1.41 percent and against British pound to trade at ZAR 20.9854 after gaining 0.81 percent. The rand also rose by 0.88 percent against the Euro to close at ZAR 15.3341.