South Africa Equity Markets |11 Sep 2015: JSE indices lower, gold mining shares plunge 8.11%

JOHANNESBURG, South Africa, Capital Markets in Africa — On Friday, the South Africa equity markets ended the week in red district after all indices closed in bearish mood. Johannesburg Stock Exchange (JSE) All Share index ended 1.21 percent or 597.49 points lower to close at 48,930.64 points. The JSE Top 40 index also sagged by 575.39 points or 1.31 percent to end at 43,450.42 points. 

On the negative momentum path, the JSE Financial sector index tumbled 1.16 percent or 498.51 points to end at 42,441.67 points. Both Industrial and industrial 25 sector indexes lower by 1.02 percent to close at 70,789.79 points and went down by 1.12 percent to settle at 63,021.77 points respectively. The resource index fell by 2.16 percent or 780.62 points to close at 35,300.11 points and the Gold mining sector index declined by 8.11 percent or 79.53 points with a closing level of 900.85 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 137 price gainers, 232 price losers and 50 remained unchanged, hence market strength/breathe closed negative.  Out of the top gainers was Fairvest Property Holdings Limited, whose shares rose by 7.83 percent to end at ZAR 1.79 after investors exchanged 6,373 shares. Texton Property Limited added 7.14 percent after traded 174,248 shares, boosting the share price to ZAR 10.50. Marshall Monteagle Plc also soared by 6.67 percent to end at ZAR 16.00 after investors traded 10,500 shares. Kibomining Plc advanced by 6.61 percent to end at ZAR 1.29 after exchanged a total of 21,143 shares. Afrocentric Investment Corp Limited surged by 6.45 percent to end at ZAR 4.95 after trading 94,981 shares.

On the losers’ table was, Renergen Limited whose shares fell to ZAR 15.00 after 45,007 shares were bought and sold, resulting in a fall of 11.76 percent. Gold Fields Limited sagged by 10.62 percent to close at ZAR 35.75, after 2,813,823 shares were traded. Anglogold Ashanti Limited crashed by 9.41 percent to trade at ZAR 96.75 a share after investors bought and sold 2,655,832 shares. Basil Read Holdings Limited also went down by 8.27 percent to trade at ZAR 3.44 after 160,017 deals. After investors bought and sold 37,267,879 shares, Brait SE slumped by 7.85 percent to trade at ZAR 130.00.

On the currency markets front, the South rand was stronger against US dollar at ZAR 13.5599 by adding 0.40 percent and against British pound to trade at ZAR 20.9056 after gaining 0.57 percent. The rand fell by 0.16 percent against the Euro to close at ZAR 15.3926.