South Africa Equity Markets | 11 Nov 2015: JSE All-Share index ends higher despite fall in gold and resource indices

Johannesburg, South Africa Capital Markets in Africa —Positive mood returned to the Johannesburg Stock Exchange (JSE) at the end of today’s equity trading session. The JSE All Share (the broadest measure of the equity market performance) surged by 0.50 percent or 28.60 points to trade at 52,594.10 points and the JSE Top 40 index ended 0.14 percent or 63.89 points higher to close at 47,265.83 points.

From the sector indices perspective, financial sector index fell by 0.24 percent or 107.44 points to close at 43,911.40 points. Industrial sector index and industrial 25 index edged up by 0.39 percent to end at 80,355.14 points and lost 0.50 percent to settle at 72,569.85 points respectively. The resource index also slumped by 1.46 percent or 444.21 points to settled at 29,888.03 points but the Gold mining sector index lower by 1.83 percent with a closing level of 900.59 points.

In term of market strength/breath (measured as ratio of gainers to losers), the market registered 88 price gainers and 1149 price losers, hence market strength/breathe closed in the negative region.  On the top ten gainers list was Fortress Income Fund, whose shares rose 6.70 percent to sell at ZAR 17.20 after 10,934,688 shares were exchanged in 3,258 deals today. Also on the list was Capital Property Fund, whose shares climbed to end at ZAR 18.35 after 3,155 deals traded 11,835,470 shares, a boost in the share price of 6.69 percent. Renergen Limited grew by 10.71 percent to end at ZAR 15.50 after 15,000 shares were traded. Efficient Group Limited closed with a price of ZAR 18.35 per share after adding 6.69 percent and traded 7,100 shares.

Kumba Iron Ore was amongst the biggest movers downwards, as shares slid 10.30 percent to ZAR 44.84 after investors bought and sold 1,085,195 shares in 2,327 deals. After 2,212 deals exchanged a total of 1,580,035 shares, Coronation Fund Managers fell 5.57 percent to end at ZAR 67.00. Deneb Investments Limited fall by 8.70 percent after trading 15,455 shares and price settled at ZAR 2.10. Dipula Income Fund Limited also lost 6.17 percent to close at ZAR 10.50 with 218 traded shares.

On the forex markets front, the South African rand was stronger against US dollar at ZAR 14.1877 after adding 0.44 percent and against British pound to trade at ZAR 21.5297 after gaining 0.02 percent. The rand rose by 0.45 percent against the Euro to close at ZAR 15.2173.