South Africa Market Watch | 14 July 2015: Losses across South African equities market … JSE All Share sheds 70 basis point, but gold miners up by 121 basis points

Johannesburg, South Africa (Capital Markets in Africa) — All most of the major sectors on the Johannesburg Stock Exchange (JSE) fell, with the exception of gold miners. The JSE All Share 0.70% lower to end at 52109.52 point, by losing 365.38 points.

The JSE Top 40 index also lost 0.72 percent or 336.60 points to settle at 46571.30 points and financial sector index fell by 1.30 percent or 592.38 points at 44984.33 points. Both Industrial sector index and industrial 25 index tumbled by 0.51 percent to end at 75249.12 points and 0.56 percent to settle at 67160.20 points respectively. Likewise, the resource sector index gained 0.56 percent with a closing level of 37957.46 points but the JSE Gold index gained 1.21 percent at 983.57 points.

Looking at the market strength/breath, the market recorded 141 price gainers and 206 price losers as well as 55 remained unchanged, hence market strength ended negative. Amongst the top ten gainers on Tuesday was Taste Holdings, whose shares rose 19.66% to ZAR 4.99 after investors exchanged 1,527,886 shares in 400 deals. Trustco Group Holdings  climbed 5.21% after 131 deals traded 1,116,853 shares, lifting the share price to ZAR 4.85.

Hyprop Investments was amongst today’s top ten losers, after shares slid to ZAR 125.00 after 2,018 deals exchanged 905,216 shares, resulting in a loss in share price of 4.15%. After investors bought and sold 615,905 shares in 27 deals, Cadiz Holdings fell 3.70% to ZAR1.30 a share.

On the foreign exchange market, the South rand was stronger against the major currencies, trading at ZAR 12.3329 to the US dollar by adding 0.86 percent. British pound traded at ZAR 19.2396 and a Euro cost ZAR 13.5770 after adding 0.04 percent and 0.85 percent respectively.