South Africa Market Watch | 9 July 2015: South African financials, industrials lead gains on JSE, All Share index up by 242 basis points

Johannesburg, South Africa (Capital Markets in Africa) —South African equity markets sustained yesterday’s gains today. The Johannesburg Stock Exchange (JSE) All Share added 2.42 percent (or 1,216.60 points) to land at 51,452.36 points. The JSE Top 40 index also grew by 2.67 percent or 1,193.61 points to settle at 45,872.43 points and the Financial sector index advanced by 2.68 percent or 1,156.90 points at 44,323.08 points. Both Industrial sector index and Industrial 25 index surged by 2.57 percent (to end at 74,358.34) and 2.75 percent (to settle at 66,256.29) respectively. Likewise, the Resource sector index gained 1.33 percent with a closing level of 37,376 points but the JSE Gold index tumbled by 2.78 percent at 978.48 levels.

Looking at the market strength/breath, the market recorded 243 price gainers and 113 price losers as well as 56 that remained unchanged, hence market strength ended positive. Amongst the top ten movers upwards today was Stellar Capital Partners  advanced 20.93 percent to sell at ZAR 2.60 a share, after investors exchanged 937,189 shares in 165 deals. Cadiz Holdings rose 9.32 percent after 284 deals traded 3,792,698 shares, boosting the share price to ZAR 1.29. Other top gainers were MONTAUK Holdings surged by 18.22 percent to close at ZAR 13.95 in 97,475 securities and African Equity Empowerment Investments advanced by 18.22 percent to end at ZAR 2.50.

Lewis Group slid 6.67 percent after 2,069,595 shares were exchanged in 3,863 deals, sending the share price down to ZAR 84.00. After investors bought and sold 193,042 shares in 100 deals, DRD Gold fell 5.63% to ZAR 2.18 a share at market close. ERIN Machine Tools plunged by 31.85 percent to settle at ZAR 46.00 after 1,756 stocks traded. Likewise, GOLIATH Group and Eastern Platinum Limited tumbled by 13.79 percent to settle at ZAR 1.50 and 11.16 percent with closing price of ZAR 15.52 respectively. 

On the foreign exchange market, the South Africa rand was stronger, trading at ZAR 12.5133 to the US dollar, ZAR 19.1745 to the British pound and ZAR 13.7579 to the Euro, by appreciating 0.54 percent, 0.62 percent and 1.21 percent against the US dollar, the British pound and the Euro respectively at 20.00 hrs.