South Africa Equity Markets | 7 Sep 2015: Johannesburg Stock Exchange equity markets in bearish mood ….

JOHANNESBURG, South Africa, Capital Markets in Africa — Equity trading on the Johannesburg Stock Exchange (JSE) began the week by ending in red zone in line with global equity market declined. The JSE All Share closed 0.52 percent or 255.45 points lower to end at 48,847.05 points and the JSE Top 40 index sagged by 158.15 points or 0.36 percent to end at 43,389.01 points. 

Still on the bear sentiment, the JSE Financial sector index also declined by 1.25 percent or 524.30 points to end at 42,182.86 points. Both Industrial and industrial 25 sector indexes slumped by 0.42 percent to close at 71,010.90 points and fell by 0.35 percent to settle at 63,244.15 points respectively. However, the resource index surged by 0.34 percent or 117.78 points to close at 34,624.84 points and the Gold mining sector index soared by 1.21 percent or 11.31 points with a closing level of 945.07 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 122 price gainers, 220 price losers and 49 remained unchanged, hence market strength/breathe closed negative.  Out of the top gainers was Csg Holdings Limited, whose shares rose by 10.49 percent to end at ZAR 1.79 after investors exchanged 910,817 shares. Homechoice International Limited soared by 7.66 percent after traded 12,700 shares, boosting the share price to ZAR 34.99. Aveng Limited also soared by 6.54 percent to conclude at ZAR 5.70 after investors traded 279,582 shares. Transpaco Limited advanced by 6.52 percent to end at ZAR 24.50 after exchanged a total of 1,634 shares. Glencore Xstrata Plc surged by 5.06 percent to end at ZAR 27.22 after trading 19,949,852shares.

On the losers’ table was, Wescoal Holdings Limited whose shares sagged to ZAR 1.33 after 24,018 shares were bought and sold, resulting in a fall of 9.52 percent. Sabvest Limited fell by 8.44 percent to end at ZAR 32.00, after 1,350 shares were traded. Stefanutti Stocks Holdings Limited tumbled by 7.41 percent to conclude at ZAR 400.00 a share after investors bought and sold 96,487 shares. Cullnan Holdings Limited also went down by 7.28 percent to trade at ZAR 1.40 after 25,000 deals. After investors bought and sold 2,559,809 shares, Murray & Roberts Holdings Limited sagged by 6.72 percent to trade at ZAR 11.79.

On the forex markets front, the South rand was weaker against US dollar at ZAR 13.9468 by falling by 0.58 percent and against British pound to trade at ZAR 21.2966 after losing 1.42 percent. The rand also fell by 0.85 percent against the Euro to close at ZAR 15.5837.