South Africa Market Watch | 28th July 2015: Johannesburg Stock Exchange struggles to chase away the Bear … JSE All Share index 106bps down

Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange struggled to chase away the Bear from the trading floor at the end of today’s trading session. Johannesburg Stock Exchange (JSE) All Share somersaulted by 543.13 or 1.06 percent to close at 50,768.42 points. The JSE Top 40 index also plunged by 1.05 percent or 478.77 points to end at 45,290.17 points.

The financial sector index went down by 0.73 percent or 328.24 points at 44,631.04 points. Both Industrial sector index and industrial 25 index declined by 1.35 percent to close at 73,555.96 points and 1.36 percent to settle at 65,597.66 points respectively. Likewise, the resource sector index plummeted by 0.20 percent with a closing level of 35,168.39 points and the JSE Gold mining index fell by 6.44 percent or 55.71 points at 809.07 points. In the same mood, JSE Mining index ended at 21,005 points after losing 36.60 points or 0.17 percent.

Looking at the market strength/breath, the market recorded 105 price gainers and 250 price losers as well as 64 remained unchanged, hence market strength/breathe ended negative.

Amongst the top five price advancers was RBA Holdings Limited, whose shares rose 13.64 percent to sell at ZAR 1.00 to emerge as today’s top gainers. Randgold & Exploration, 13.53 percent to close at ZAR 2.35 and Stefanutti Stocks Holding Limited gained Corporation gained 9.25 percent to close at ZAR 5.79 and Adrenna Property Group Limited advanced by 7.69 percent to trade at ZAR 1.40. Cognition Holdings Limited, price concluded at ZAR 2.00 with an increase of 7.53 percent.

The top five price losers at end of today’s trading session, Eastern Platinum Limited emerged as the biggest loser after price lost 15.30 percent to end the day at ZAR 12.57. It was followed by ZCI Limited, whose shares dipped 12.53 percent sending the share price down to ZAR 3.98. Gold Field Limited tumbled by 7.93 percent to trade at ZAR 34.27 and AECI Limited plummeted by 7.64 percent to settle at ZAR 105.00. Likewise, Conduit Capital Limited settled at ZAR 2.45 after surging by 7.55 percent.

On the currency markets front, the South rand weaker against US dollar at ZAR 12.5621 by losing 0.38 percent and by 0.91 percent against Euro to trade at ZAR 13.8860. The rand also fell by 0.32 percent against the British pound to end at ZAR 19.5704.