South Africa Equity Markets | 4 Sep 2015: JSE equity markets end in red, South Africa’s rand tumble

Johannesburg, South Africa, Capital Markets in Africa — Equity trading on the Johannesburg Stock Exchange (JSE) ended in red and all major sectors also end in the South Pole.  JSE All Share closed 2.60 percent or 1,308.59 points lower to end at 49,102.50 points and the JSE Top 40 index tumbled by 1,291.16 points or 2.88 percent to end at 43,547.16 points. 

Still on the bear mood, the JSE Financial sector index also declined by 1.94 percent or 846.74 points to end at 42,716.96 points. Both Industrial and industrial 25 sector indexes sagged by 2.31 percent to close at 71,307.99 points and fell by 2.44 percent to settle at 63,465.04 points respectively. The resource index slumped by 5.26 percent or 1,915.15 points to close at 34,506.86 points and the Gold mining sector index slumped by 4.11 percent with a closing level of 933.76 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 121 price gainers, 252 price losers and 66 remained unchanged, hence market strength/breathe closed negative.  Out of the top gainers was Rare Holdings Limited, whose shares added 24.38 percent to end at ZAR 2.50 after investors exchanged 1,383 shares. Nvest Financial Holdings Limited gained 15.60 percent after traded 10.525 shares, boosting the share price to ZAR 2.89. Keaton Energy Holdings Limited also surged by 11.22 percent to conclude at ZAR 1.09 after investors traded 85,008 shares. Wescoal Holdings Limited advanced by 10.53 percent to end at ZAR 1.47 after exchanged a total of 709,145 shares. Petmin Limited surged by 8.06 percent to end at ZAR 1.34 after trading 673,149 shares.

On the losers’ table was, Eastern Platinum Limited whose shares sagged to ZAR 7.02 after 30 shares were bought and sold, resulting in a fall of 47.92 percent. Cafca Limited fell by 14.29 percent to end at ZAR 1.50, after 4,400 shares were traded. Oceana Group Limited tumbled by 10.32 percent to conclude at ZAR 17.04 a share after investors bought and sold 30,245 shares. Crookes Brothers Limited also went down by 10.25 percent to trade at ZAR 10.25 after 32,699 deals. After investors bought and sold 408,989 shares, Anglo American Platinum Corporation Limited sagged by 8.12 percent to trade at ZAR 322.50.

On the forex markets front, the South rand was weaker against US dollar at ZAR 13.8548 by falling by 2.01 percent and against British pound to trade at ZAR 21.0075 after losing 1.57 percent. The rand also fell by 2.36 percent against the Euro to close at ZAR 15.4571.