South Africa Equity Markets | 25 Sep 2015 : JSE Equity ends in lower drag by Resource sector losses …

JOHANNESBURG, South Africa, Capital Markets in Africa —At the closed of trading on Friday, Johannesburg Stock Exchange (JSE) All Share index finished 0.10 percent or 50.51 points lower to close at 50,331.12 points, as losses in resource sector shares weighted on the JSE equity trading. The JSE Top 40 index also lost 98.81 points or 0.22 percent to end at 44,963.24 points.

The JSE Financial sector index plummeted by 0.38 percent or 163.86 points to end at 42,999.96 points. Both Industrial and industrial 25 sector indexes higher by 0.40 percent to close at 74,404.81 points and rose by 0.43 percent to settle at 66,682.93 points respectively. The resource index sagged by 2.32 percent or 794.49 points to close at 33,383.12 points but the Gold mining sector index climbed by 2.48 percent or 23.50 points with a closing level of 970.28 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 174 price gainers, 175 price losers and 67 remained unchanged, hence market strength/breathe closed negative.  Out of the top gainers was Ascension Properties Limited A, whose shares rose by 15.80 percent to close at ZAR 7.99 after investors exchanged 9,250 shares. Cognition Holdings Limited surged by 11.43 percent after traded 4,000 shares, boosting the share price to ZAR 1.95. Pan African Resource Plc also jumped by 7.19 percent to end at ZAR 1.64 after investors traded 824,372 shares. Conduit Capital Limited advanced by 7.08 percent to end at ZAR 3.48 after exchanged a total of 20,316 shares. Gold Fields Limited climbed by 6.93 percent to end at ZAR 37.65 after trading 2,518,246 shares.

On the losers’ table was, Syfrets And Commercial Union Property Fund whose shares decrease to ZAR 26.51 after 5,000 shares were bought and sold, resulting in a fall of 14.48 percent. Oakbay Res And Energy Ltd tumbled by 13.15 percent to close at ZAR 30.39, after 103 shares were traded. Glencore Xstrata Plc plummeted by 9.39 percent to trade at ZAR 20.95 a share after investors bought and sold 16,044,733 shares. Micromega Holdings Limited slumped by 6.07 percent to trade at ZAR 17.80 after 9,835 traded deals. After investors bought and sold 57,814 shares, Tradehold Ltd sagged by 6.00 percent to trade at ZAR 21.15.

On the currency markets front, the South rand was weaker against US dollar at ZAR 13.8848by losing 0.003 percent and against British pound to trade at ZAR 21.0339 after adding 0.33 percent. The rand lost 0.01 percent against the Euro to close at ZAR 15.5213.