South Africa Equity Markets | 8 Sep 2015: JSE ends higher, gold miners, resources lead the gains

JOHANNESBURG, South Africa, Capital Markets in Africa — Equity trading backed to positive region at the end of Tuesday’s trading session and all major sector indices ended in the green.  Johannesburg Stock Exchange (JSE) All Share closed 1.49 percent or726.44 points higher to close at 49,573.49 points and the JSE Top 40 index surged by 718.17 points or 1.66 percent to end at 44,107.18 points. 

On the positive momentum path, the JSE Financial sector index added 1.27 percent or 534.72 points to end at 42,717.38 points. Both Industrial and industrial 25 sector indexes grew by 1.41 percent to close at 72,010.40 points and climbed by 1.51 percent to settle at 64,201.59 points respectively. The resource index surged by 2.39 percent or 826.15 points to close at 35,450.79 points and the Gold mining sector index soared by 3.67 percent or 34.64 points with a closing level of 979.71 points.

Looking at the market strength/breath (measured as ratio of gainers to losers), the market recorded 234 price gainers, 110 price losers and 59 remained unchanged, hence market strength/breathe closed positive.  Out of the top gainers was Sabvest Limited, whose shares rose by 9.22 percent to end at ZAR 34.95 after investors exchanged 2,706 shares. Sibanye Gold Limited added 8.33 percent after traded 2,483,203 shares, boosting the share price to ZAR 17.55. Hulamin Limited also soared by 8.06 percent to end at ZAR 5.90 after investors traded 1,177,117 shares. Pallinghurst Resources Limited advanced by 7.64 percent to end at ZAR 4.37 after exchanged a total of 460,289 shares. Labat Africa Limited surged by 5.79 percent to end at ZAR 1.28 after trading 817,778 shares.

On the losers’ table was, Aveng Limited whose shares fell to ZAR 5.16 after 1,501,183 shares were bought and sold, resulting in a fall of 9.47 percent. Lonmin Limited sagged by 7.10 percent to close at ZAR 4.97, after 2,048,686 shares were traded. Renergen Limited crashed by 6.25 percent to trade at ZAR 15.00 a share after investors bought and sold 167,101 shares. Transpaco Limited also went down by 6.12 percent to trade at ZAR 23.00 after 664 deals. After investors bought and sold 100 shares, Zurich Insurance Co SA slumped by 4.17 percent to trade at ZAR 230.00.

On the currency markets front, the South rand was stronger against US dollar at ZAR 13.7121 by adding 1.65 percent and against British pound to trade at ZAR 21.0568 after gaining 1.09 percent. The rand also rose by 1.62 percent against the Euro to close at ZAR 15.3337.