South Africa Equity Markets | 27 Oct 2015: South Africa Equity ends in red, resource index 2.94% lower …

Johannesburg, South Africa Capital Markets in Africa —On Tuesday, the Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) sagged by 0.70 percent or 380.41 points to settle at 53,770.29 points and the benchmark JSE Top 40 index ended 338.00 points or 0.70 percent lower to end at 48,231.26 points.

The financial sector index lost 0.38 percent or 172.60 points at 45,506.35 points. Industrial sector index and industrial 25 index dipped by 0.64 percent to end at 80,058.79 points and dropped 0.36 percent to trade at 72,254.47 points respectively. Also, the resource index plunged by 2.94 percent or 1,040.79 points to settled at 34,385.35 points but the Gold mining sector index added 0.84 percent with a closing level of 1,102.44 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 72 price gainers and 165 price losers, hence market strength/breathe closed in negative sentiment.  On the top ten list of movers upwards today was Sibanye Gold, whose shares advanced 3.45 percent to ZAR 24.61 after investors traded 3,131,634 shares in 1,876 deals. Murray And Roberts Holdings rose 3.44 percent to ZAR 11.12 after 748 deals exchanged a total of 2,205,232 shares.

Amongst the top ten losing shares today was Kumba Iron Ore whose shares dipped 10.85 percent after investors bought and sold 1,337,354 shares in 4,342 deals, sending the share price down to ZAR 65.50. Anglo American (AGL) slid 5.58 percent to ZAR 117.08 after 4,583,381 shares were exchanged in 7,490 deals.

On the forex markets front, the South rand was weaker against US dollar at ZAR 13.6705 after adding 0.32 percent and against British pound to trade at ZAR 20.8842 after gaining 0.07 percent. The rand sagged by 0.13 percent against the Euro to close at ZAR 15.0891.