South Africa Market Watch | 21 July 2015: South Africa All share index dips 16bps despite gold miners sector gains

Johannesburg, South Africa (Capital Markets in Africa) — The JSE All Share ended 0.16 percent lower on Tuesday as gains in gold miners was not enough to offset losses in other sectors. The JSE Top 40 index also 0.28 percent lower or 132.35 points to end at 47,256.32 points.

The financial sector index went down by 0.28 percent or 130.90 points at 45,865.95 points. Both Industrial sector index and industrial 25 index plunging by 0.13 percent to end at 76,674.85 points and 0.13 percent to settle at 68,450.30 points respectively. Likewise, the resource sector index fell by 0.10 percent with a closing level of 37,580.52 points but the JSE Gold index gained 2.70 percent at 869.80 points.

Looking at the market strength/breath, the market recorded 168 price gainers and 175 price losers as well as 56 remained unchanged, hence market strength/breathe ended negative. Amongst the top ten movers up was Stellar Capital Partners Limited, whose shares rose 8.27 percent to sell at ZAR 2.75 after investors exchanged 1,042,858 shares in 134 deals. Climbing 6.30 percent to ZAR 6.41 was Aveng Limited, after 337 deals traded a total of 1,158,066 shares today. Also, African Equity Empowerment Investments Limited, Cadiz Holdings Limited and Rolfes Technology Holdings gained 14.81 percent to end at ZAR 2.48, rose by 13.48 percent to close at ZAR 1.60 and surged by 7.25 percent to trade at ZAR 3.70 respectively.

In the losers’ league table was Aquarius Platinum, whose shares dipped 5.30% after investors bought and sold 3,710,426 shares in 373 deals, sending the share price down to ZAR 1.25. Sephaku Holdings slid 4.68% to R7.53 after 100 deals saw the sale of 593,217 shares. Likewise, Deneb Investments Limited fell by 10.67 percent to trade at ZAR 2.01 after 187 shares were exchanged and Randgold & Exploration Company Limited settled at ZAR 2.08 after plunging by 9.57 percent.

On the foreign exchange market, the South rand appreciated against US dollar at ZAR 12.3324 by gaining 0.78 percent and by 0.18 percent against British pound to trade at ZAR 19.1588. The rand depreciated by 0.36 percent against the Euro to end at ZAR 13.5020.