South Africa Market Watch | 13 July 2015: Gains across South African equities market … JSE All Share index up by 1.30%, but gold miners down by 0.60%

Johannesburg, South Africa (Capital Markets in Africa) —On the South African equity markets, most of the major sectors on the JSE gained today in line with global markets, with the exception of gold miners, helping to boost the Johannesburg Stock Exchange (JSE) All Share 1.30% higher to end at 52474.82 points.

The JSE Top 40 index also grew by 1.50 percent or 691.68 points to settle at 46907.90 points and financial sector index added 1.63 percent or 729.70 points at 455781.71 points. Both Industrial sector index and industrial 25 index surged by 1.21 percent to end at 75636.04 points and 1.33 percent to settle at 67526.29 points respectively. Likewise, the resource sector index gained 1.31 percent with a closing level of 38169.79 points but the JSE Gold index tumbled by 0.60 percent at 971.77 levels.

Looking at the market strength/breath, the market recorded 198 price gainers and 170 price losers as well as 44 remained unchanged, hence market strength ended positive. On the top ten list of biggest movers upwards today was DIAMOND CORP Plc Limited whose shares lifted 19.37 percent after 9 deals traded 144,715 shares, to reach ZAR 2.65 a share at close of day. Also amongst the top ten gainers was Anchor Group, after investors exchanged 276,586 shares in 106 deals, sending the share price up 5.46 percent to ZAR 11.39. Likewise, VALUE and RANGOLD gained 10.00 percent and 9.81 percent to end at ZAR 3.85 and ZAR 2.35 respectively.

LONMIN was amongst the top ten falling shares today. The share dipped 10.94 percent to ZAR 14.16 after 3,464 deals traded a total of 5,259,407 shares. Telkom SA fell to ZAR 56.96 after 5,760,828 shares were bought and sold in 2,917 deals, representing a loss in share price of 6.39 percent. ADRENNA PROPERTY GROUP went down by 16.67 percent to settle at ZAR 1.15 and PETMIN ended at ZAR 1.40 after adding 10.26 percent.

On the foreign exchange market, the South rand was weaker against the US dollar, trading at ZAR 12.4475 by losing 0.09 percent.  While British pound traded at ZAR 19.2431 and a Euro cost ZAR 13.6984 after adding 0.20 percent and 1.33 percent respectively.