South Africa Equity Markets | 2 Sep 2015: Johannesburg Stock Exchange rebound, all major indices higher

Johannesburg, South Africa, Capital Markets in Africa — South African equity markets bounced back to the uptrend, JSE All Share closed 1.47 percent or 713.64 points higher to end at 49,228.77 points and the JSE Top 40 index surged by 719.76 points or 1.67 percent to end at 43,699.53 points.

JSE Financial sector index climbed by 1.35 percent or 575.79 points to close at 43,075.91 points. Both Industrial sector index and industrial 25 index advanced by 1.61 percent to close at 71,348.88 points and gained 1.70 percent to settle at 63,507.68 points respectively. The resource index increased by 1.09 percent or 371.86 points to close at 34,536.41 points but the Gold mining sector index slumped by 5.06 percent with a closing level of 913.31 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 221 price gainers, 142 price losers and 55 remained unchanged, hence market strength/breathe ended positive.  Amongst the top gainers was Transpaco Limited, whose shares climbed by 13.81 percent to end at ZAR 22.99 after investors exchanged 30,494 shares. Labat Africa Limited rose 10.62 percent after traded 736,966 shares, boosting the share price to ZAR 1.25. Silverbridge Holdings Limited also soared by 10.53 percent to end at ZAR 2.10 after investors traded 125,000 shares. Heavy Construction advanced by 9.00 percent to ZAR 5.45 after exchanged a total of 3,292,642 shares. Amalgamated Electric Corp Limited surged by 8.70 percent to end at ZAR 2.50 after trading 5,100 shares.

Among the top losers was, BK One Limited whose shares plunged to ZAR 1.44 after 38,192 shares were bought and sold, resulting in a fall of 48.57 percent. Cargo Carriers Limited slumped by 10.71 percent to end at ZAR 12.50, after 4,300 shares were traded. Gold Fields Limited tumbled by 7.22 percent to conclude at ZAR 37.26 a share after investors bought and sold 3,176,276 shares. Harmony Gold Mining also plunged by 6.94 percent to conclude at ZAR 10.32 after 1,969,106 deals. After investors bought and sold 217,440 shares, Comair Limited sagged by 6.88 percent to trade at ZAR 3.25.

On the currency markets front, the South rand was weaker against US dollar at ZAR 13.4530 after depreciating by 0.22 percent and also against British pound to trade at ZAR 20.5719 after adding 0.30 percent. The rand also increased by 0.43 percent against the Euro to close at ZAR 15.1246.