South Africa Equity Markets | 23 Sep 2015 : South African Equity ends in Green As Reserve Bank Holds Rate …

JOHANNESBURG, South Africa, Capital Markets in Africa —On Wednesday, South Africa equity markets ended in the positive momentum at the end of trading session. Johannesburg Stock Exchange (JSE) All Share index ended 1.06 percent or 528.54 points lower to close at 50,381.63 points. The JSE Top 40 index also added 538.33 points or 1.21 percent to end at 45,062.05 points.

The JSE Financial sector index plummeted by 0.83 percent or 354.06 points to end at 43,163.82 points. Both Industrial and industrial 25 sector indexes higher by 1.16 percent to close at 74,100.74 points and rose by 1.26 percent to settle at 66,394.60 points respectively. The resource index soared by 0.99 percent or 336.37 points to close at 34,177.61 points and the Gold mining sector index sagged by 1.55 percent or 14.86 points with a closing level of 946.78 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 196 price gainers, 153 price losers and 55 remained unchanged, hence market strength/breathe closed positive.  Out of the top gainers was Ascension Properties Limited A, whose shares rose by 61.54 percent to close at ZAR 5.25 after investors exchanged 14,341 shares. Rex Trueform Clothing Company Limited surged by 33.33 percent after traded 77 shares, boosting the share price to ZAR 12.00. Putprop Limited also jumped by 14.62 percent to end at ZAR 6.90 after investors traded 43,100 shares. Cullinan Holdings Limited advanced by 14.29 percent to end at ZAR 1.60 after exchanged a total of 38,770 shares. Trustco Group Holdings Limited climbed by 12.54 percent to end at ZAR 3.95 after trading 223,700 shares.

On the losers’ table was, Choppies Enterprises Limited whose shares decrease to ZAR 5.50 after 833,962 shares were bought and sold, resulting in a fall of 7.41 percent. Pretoria Portland Cement tumbled by 5.64 percent to close at ZAR 18.40, after 3,021,227 shares were traded. Northam Platinum Limited plummeted by 5.18 percent to trade at ZAR 28.92 a share after investors bought and sold 2,140,795 shares. Petmin Limited slumped by 4.86 percent to trade at ZAR 1.37 after 493,033 deals. After investors bought and sold 6,000 shares, Cadiz Holdings Limited sagged by 4.57 percent to trade at ZAR 1.67.

On the currency markets front, the South rand was weaker against US dollar at ZAR 13.8456 by losing 1.26 percent and against British pound to trade at ZAR 21.0899 after falling by 0.51 percent. The rand lost 1.85 percent against the Euro to close at ZAR 15.4987.