JSE ends higher on gains in the consumer goods and financial sectors

Friday, 12 August 2016 | South Africa Surveillance

The JSE All-Share index ended higher driven by advances in the consumer goods and financial sectors. World stock markets remained volatile following bunch of mixed economic data releases worldwide.

  • The JSE All-Share index advanced 0.9% to close at 52,806.5, with the consumer goods and financial sectors leading gains across the board, while the JSE Top-40 index rose 1.1% to close at 45,703.2.
  • In Asia, the benchmark Nikkei 225 index closed 1.1% higher as the Yen weakened, with the retail and financial sectors among the top gainers, while the Shanghai Composite index advanced 1.6%, paring its previous session losses. Newly released data showed that Chinese industrial production unexpectedly slowed in July, indicating that the world’s second biggest economy continues to slow. European stocks saw mixed trading following varied economic data across the Eurozone. Earlier in the session, data was disclosed that the Eurozone’s GDP grew in line with market expectations on a quarterly basis in the second quarter, while Germany’s GDP data beat forecasts for the same quarter, as exports and domestic consumption increased. Also, Eurozone’s industrial production climbed on a monthly basis in June. US markets opened lower amid lacklustre retail sales data.
  • At a sector level, the consumer goods and financial indices advanced by 1.7% and 1.6%, respectively, while the platinum mining and gold mining indices gave up 1.5% and 0.5%, respectively.
  • Among the advancers, PPC jumped 5.5%, while Grindrod and Bid Corp Ltd advanced 4.9% and 4.8%, respectively. On the downside, Kumba Iron Ore dropped 3.6%, while Impala Platinum Holdings and Omnia Holdings both slid back by 3.3%.
  • The South African Rand weakened 0.3% to trade at ZAR 13.4 against the US dollar. The greenback traded lower against most of its comparable currencies, after data showed that US retail sales were unexpectedly flat in July, pointing to a slow-down in consumer spending. Meanwhile, weak retail sales data has also dimmed the prospects of a Fed rate hike anytime soon.
  • At 17:30 Brent crude rose 0.8% to settle at $46.4/bl, ahead of Baker Hughes’ weekly US oil rig count data, due to be released shortly. Gold prices advanced 1.1% to close at $1,353.1, due to weakness in the US dollar. Meanwhile, copper shed 1.6% to trade at $215.6/lb.

NB. Today’s report is the final report before the surveillance is discontinued from Monday, 15th August onwards. To learn more about Fairvue Partners’ bespoke reporting solutions, please contact us at contact@fairvuepartners.com.

Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
PPC (131) 5.5% 42.2%
Grindrod (104) 4.9% 18.0%
Bid Corp Ltd (30) 4.8% 0.3%
Rockcastle Global Real Estate (70) 4.5% 4.1%
Nedbank Group (24) 4.4% 16.9%
Intu Properties (35) 4.1% 1.6%
Group Five/South Africa (158) 4.0% 13.2%
Wilson Bayly Holmes-Ovcon (113) 4.0% 8.4%
DataTec (99) 3.8% 19.7%
Clientele (136) 3.7% 5.2%
Advtech (110) 3.6% 10.7%
Investec PLC (27) 3.5% 0.1%
Capital & Counties Properties (53) 3.4% -11.9%
MTN Group (11) 3.2% -6.7%
Delta Property Fund (137) 3.2% 1.9%
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
Kumba Iron Ore (50) -3.6% 9.4%
Impala Platinum Hldgs. (45) -3.3% 32.5%
Omnia Hldgs. (93) -3.3% 13.1%
Indluplace Properties (161) -3.2% 0.0%
Assore (75) -3.0% -8.1%
Calgro M3 Hldgs. (153) -2.7% -6.3%
Brait SE (38) -2.1% -6.4%
AfroCentric Investment Corp (154) -2.0% -2.6%
Harmony Gold Mining Co (72) -1.8% -5.8%
Raubex Group (143) -1.6% 9.3%
Spur Corp (147) -1.5% 5.0%
Zeder Investments (100) -1.4% -0.6%
Barloworld (78) -1.4% 9.1%
Trencor (124) -1.3% -7.8%
Liberty Hldgs. (61) -1.2% -4.9%
Name Last Price 1D % Chg. 1M % Chg. Value**
Naspers 212,500 down -0.7% -3.4% 151.7
MTN Group 13,020 up 3.2% -6.7% 144.5
Standard Bank Group 15,150 up 1.0% 17.7% 94.3
Sasol 38,400 up 1.8% -3.6% 71.3
BHP Billiton 18,000 up 0.1% -4.9% 69.3
Anglo American 15,009 down -1.0% -4.4% 62.9
Sanlam 6,970 up 3.0% 12.0% 60.0
Shoprite Hldgs. 20,870 up 0.8% 23.2% 54.7
BATS 86,472 up 1.5% -5.1% 47.5
SABMiller 76,079 up 1.4% -8.4% 46.9
Metals Last Price 1D % Chg. 1M % Chg.
Silver Spot ($/oz) 20.2 up 1.2% 0.2%
Gold Spot ($/oz) 1,353.1 up 1.1% 1.6%
Palladium Spot ($/oz) 693.9 up 1.0% 11.1%
Platinum Spot ($/oz) 1,144.8 up 0.7% 5.4%
Comex Copper($/lb) 215.6 down -1.6% -2.5%
Energy Last Price 1D % Chg. 1M % Chg.
WTI($/bl) 44.0 up 1.2% -6.0%
Brent($/bl) 46.4 up 0.8% -4.3%
Heating Oil($/gal) 139.1 up 0.5% -4.9%
Ethanol($/gal) 1.4 down -0.4% -11.4%
RBOB Gasoline($/gal) 135.2 down -0.7% -5.5%
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