South Africa Market Watch | 10 July 2015: South African JSE All Share ended 0.68% higher with gains across the board led by financial shares

Johannesburg, South Africa (Capital Markets in Africa) —South African equity markets continued on bullish momentum at the end of today’s trading session. The Johannesburg Stock Exchange (JSE) All Share further adds 0.68 percent or 348.34 points to settle at 51,800.70 points. The JSE Top 40 index also surged by 0.75 percent or 343.79 points to end at 46,216.22 points and the financial sector index accelerated by 1.18 percent or 523.93 points at 44,847.01points. Both Industrial sector index and Industrial 25 index surged by 0.50 percent to end at 74,728.37 and 0.58 percent to close at 66,638.37 respectively. Likewise, the Resource sector index gained 0.80 percent with a closing level of 37,676.06 points but the JSE Gold index slightly dropped by 0.08 percent at 977.66 levels.

Looking at the market strength/breath, the market recorded 226 price gainers and 126 price losers as well as 66 that remained unchanged, hence market strength ended positive. Amongst the top ten biggest gainers today, PETMIN climbed 14.71% to sell at ZAR 1.56 a share, after investors traded 302,130 shares in 36 deals. HULAMIN rose to ZAR 6.25 a share, a gain of 9.46 percent after 817,473 shares were exchanged in 168 deals.

On the losers’ league table, LONMIN slid 11.32 percent to ZAR 15.90 after 2,933 deals saw the trade of 2,660,670 shares. Losing 3.51 percent was EQSTRA Holdings after investors bought and sold 3,686,056 shares in 313 deals, sending the share price down to ZAR 2.75 at close of day.

On the foreign exchange market, the South Africa rand was trading at ZAR 12.44 to the US dollar, but stronger at ZAR 19.25 to the British pound and ZAR 13.89 to the euro.