South Africa Equity Markets | 22 Sep 2015 : Bear sentiment persists, All Share index 1.74% lower …

JOHANNESBURG, South Africa, Capital Markets in Africa —The South Africa equity markets continued to stay in the red district at the end of today’s trading session. Johannesburg Stock Exchange (JSE) All Share index ended 1.74 percent or 884.05 points lower to close at 49,853.09 points. The JSE Top 40 index also fell by 856.20 points or 1.89 percent to end at 44,523.72 points.

The JSE Financial sector index sagged by 0.86 percent or 371.92 points to end at 42,809.76 points. Both Industrial and industrial 25 sector indexes lower by 1.51 percent to close at 73,262.55 points and declined by 1.60 percent to settle at 65,569.53 points respectively. The resource index plummeted by 4.60 percent or 1,633.47 points to close at 33,841.24 points and the Gold mining sector index declined by 1.38 percent or 13.44 points with a closing level of 961.64 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 101 price gainers, 255 price losers and 49 remained unchanged, hence market strength/breathe closed negative.  Out of the top gainers was Rba Holdings Limited, whose shares gained 18.56 percent to close at ZAR 1.15 after investors exchanged 600 shares. Tradehold Limited surged by 6.76 percent after traded 15,007 shares, boosting the share price to ZAR 22.58. Phumeieia Gaming And Leisure Limited also jumped by 6.56 percent to end at ZAR 19.50 after investors traded 2,100 shares. Holdsport Limited advanced by 5.39 percent to end at ZAR 58.49 after exchanged a total of 282,138 shares. Distribution & Warehousing Network Limited climbed by 5.36 percent to end at ZAR 5.50 after trading 21,000 shares.

On the losers’ table was, Ascension Properties Limited A whose shares decrease to ZAR 38.10 after 1,570 shares were bought and sold, resulting in a fall of 38.10 percent. Rare Holdings Limited tumbled by 19.60 percent to close at ZAR 2.01, after 300 shares were traded. Harmony Gold Mining Company Limited plummeted by 13.52 percent to trade at ZAR 9.15 a share after investors bought and sold 4,817,097 shares. Arcelormittal SA Limited slumped by 13.09 percent to trade at ZAR 8.50 after 1,500,676 deals. After investors bought and sold 1,353,144 shares, Kumba Iron Ore Limited plunged by 12.14 percent to trade at ZAR 86.31.

On the currency markets front, the South rand was weaker against US dollar at ZAR 13.6794 by losing 1.61 percent and against British pound to trade at ZAR 20.9856 after falling by 0.62 percent. The rand lost 0.95 percent against the Euro to close at ZAR 15.2135.