South Africa Market Watch | 31 July 2015: JSE All Share index adds 0.54% but gold miner down.

Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange continued in the positive region at the end of Friday’s trading session. Johannesburg Stock Exchange (JSE) All Share surged by 278.86 or 0.54 percent to close at 52,053.27 points. The JSE Top 40 index also added 0.55 percent or 254.78 points to end at 46,557.26 points.

Similarly, financial sector index climbed by 0.35 percent or 155.62 points at 45,244.73 points. Both Industrial sector index and industrial 25 index accelerated by 0.71 percent to close at 75,758.39 points and 0.75 percent to settle at 67,690.40 points respectively. Likewise, the resource sector index added by 0.08 percent with a closing level of 36,136.15 points but the JSE Gold mining index down by 1.42 percent or 11.51 points at 796.93 points.

Looking at the market strength/breath, the market recorded 198 price gainers and 164 price losers as well as 64 remained unchanged, hence market strength/breathe ended positive.  Among the top gainers today was Seardel Investment Corporation Limited which advanced 15.79 percent to ZAR 1.10 per share after traded 134,200 shares. Rba Holdings gained 10.53 percent to ZAR 10.5 per share after 71,468 shares were bought. Hospital Property Fund B surged by 9.09 percent to end at ZAR 2.40 and Cognition Holdings Limited advanced by 8.11 percent to settle at ZAR 2.00.

On the contrary, today’s losers was Basil Read Holdings Limited down by 9.42 percent at ZAR 58.03. Randgold & Exploration Company Limited lost 8.51 percent to end at ZAR 2.15. Cargo Carriers Limited and Arcelormittal SA Limited also declined by 6.25 percent at ZAR 15.00 and 5.37 percent at ZAR 14.62 respectively.

On the currency markets front, the South rand was stronger against US dollar at ZAR 12.6652 by gaing 0.25 percent and by 0.01 percent against British pound to trade at ZAR 19.7684. The rand fell by 0.45 percent against the Euro to close at ZAR 13.9422.