South Africa Equity Markets | 28 Sep 2015: South African equities cover in blood, All Share falls 1.67%, resources leads losers with 6.05%

Johannesburg, South Africa Capital Markets in Africa — At the beginning of this week equity trading session, Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) down by 1.67 percent or 840.31 points to settle at 49,490.81 points and the benchmark JSE Top 40 index ended 720.92 points or 1.60 percent lower to end at 44,242.32 points.

Looking at the sector indices, financial sector index slipped by 1.87 percent or 804.93 points at 42,195.03 points. Industrial sector index and industrial 25 index slumped by 0.81 percent to end at 73,798.69 points and slacked by 0.73 percent to trade at 66,196.67 points respectively. The resource index declined by 6.05 percent or 2020.21 points to settled at 31,362.91 points and the Gold mining sector index dropped 4.00 percent with a closing level of 931.45 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 87 price gainers, 280 price losers and 51 remained unchanged, hence market strength/breathe closed negative.  Out of the top gainers was Conduit Capital Limited, whose shares rose by 10.63 percent to end at ZAR 3.85 after investors exchanged 187,434shares. Rare Holdings Limited surged by 10.00 percent after traded 5,291 shares, boosting the share price to ZAR 2.20. Quantum Foods Holdings Limited climbed by 4.80 percent to end at ZAR 3.49 after investors traded 366,399 shares. Caxton & Ctp Publishers grew by 4.11 percent to end at ZAR 19.00 after exchanged a total of 2,500 shares. DRDGold Limited climbed by 4.06 percent to end at ZAR 2.05 after trading 1,623,666 shares.

On the losers’ table Glencore Xstrata Plc whose shares fell to ZAR 15.41 after 50,211,271 shares were bought and sold, resulting in a fall of 26.44 percent. Renergen Limited plunged by 23.63 percent to close at ZAR 13.00, after 236 shares were traded. Super Group Limited Npl fell by 17.22 percent to trade at ZAR 4.47 a share after investors bought and sold 113,7854 shares. Kumba Iron Ore Limited plummeted by 14.12 percent to trade at ZAR 73.00 after 11,39,379 deals. After investors bought and sold 674,673 shares, African Rainbow Minerals sagged by 13.44 percent to trade at ZAR 53.08.

On the forex markets front, the South rand was weaker against US dollar at ZAR 14.0898 after losing 1.88 percent and against British pound to trade at ZAR 21.3542 after falling by 1.38 percent. The rand also sagged by 1.82 percent against the Euro to close at ZAR 15.8408.