South Africa Equity Markets | 3 Sep 2015: JSE All Share ended 2.40% higher as 6.62% gains in gold miners and 5.46% advance in resources

Johannesburg, South Africa Capital Markets in Africa —Equity markets enjoyed positive trading as all the key major indices moved to the North Pole. Johannesburg Stock Exchange (JSE) All Share grew by 2.40 percent or 1,182.32 points to settle at 50,411.09 points and JSE Top 40 index advance by 1,139.43 points or 2.61 percent to end at 44,838.96 points.

From the sector viewpoint, financial sector index added 1.13 percent or 487.79 points at 43,563.70 points. Also both Industrial sector index and industrial 25 index soared by 2.30 percent to close at 72,992.15 points and 2.44 percent to trade at 65,054.14 points respectively. The resource index moved up by 5.46 percent or 1,885.59 points to closed at 36,422.00 points and the Gold mining sector index gained 6.62 percent with a closing level of 973.77 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 251 price ups, 116 price downs and 73 price stables, hence market strength/breathe ended positive.  Amongst the top price gainers was Montauk Holdings Limite, whose shares surged by 10.31 percent to end at ZAR 10.70 after investors exchanged 3,858 shares. Anglo American Platinum rose 9.28 percent after traded 522,867 shares, boosting the share price to ZAR 351.00. Trans Hex Group also jumped by 8.82 percent to end at ZAR 2.59 after investors traded 60,806 shares. Trematon Capital International soared by 8.45 percent to ZAR 3.85 after exchanged a total of 3.85 shares. Gold Fields Limited advanced by 6.43 percent to end at ZAR 40.40 after trading 2,226,699 shares.

Rex Trueform Clothing Company whose shares slid to ZAR 9.00 after 1,295 shares were bought and sold, resulting in a fall of 28.29 percent. Nvest Financial Hodings Limited slumped by 16.11 percent to end at ZAR 2.50, after 14,100 shares were traded. Lonmin Plc sagged by 6.68 percent to conclude at ZAR 6.00 a share after investors bought and sold 4,250,911 shares. Argent Industrials Limited also plunged by 6.18 percent to conclude at ZAR 4.10 after 45,646 deals. After investors bought and sold 106,035 shares, Homechoice International Plc decreased by 5.58 percent to trade at ZAR 33.00.

On the forex markets front, the South rand was weaker against US dollar at ZAR 13.5645 by falling by 0.90 percent and against British pound to trade at ZAR 20.6819 after losing 0.55 percent. The rand also fell by 0.05 percent against the Euro to close at ZAR 15.1106.