JSE ends higher on strength in the banking and financial sectors

Monday, 8 August 2016 | South Africa Surveillance

The JSE All-Share index ended higher driven up by the banking and financial sectors. Global stocks started the week on a stronger footing as investors’ risk appetite lifted after Friday’s robust US jobs data.

  • The JSE All-Share index advanced 0.3% to close at 52,486.7, with the banking and financial sectors leading gains across the board, while the JSE Top-40 index also rose 0.3% to close at 45,510.7.
  • In Asia, the Nikkei 225 index jumped 2.4% amid advances in the insurance and machinery sectors, as the Japanese Yen weakened. The Shanghai Composite index closed 0.9% higher, paring its previous session losses as the energy sector rallied, following an increase in coal prices in China. Newly-released data shows that Chinese exports fell, on an annual basis, above the levels forecast in July. European stocks traded higher, on the back of gains in the banking sector. In economic news, Eurozone Sentix investor confidence improved in August, suggesting that the vote in favour of Brexit had little impact on the common currency region. US markets traded in the red, despite a rise in crude oil prices.
  • At a sector level, the banking and financial indices advanced 2.0% and 1.3%, respectively, while the consumer goods and gold mining indices fell by 1.2% and 0.7%, respectively.
  • Among the advancers, Trustco Group Holdings surged 16.4%, while Niveus Investments and Accelerate Property Fund advanced by 8.4% and 6.8%, respectively. On the downside, Schroder European Real Estate Investment dropped 5.6%, while Peregrine Holdings and Net 1 UEPS Technologies fell 5.2% and 4.3%, respectively.
  • The South African Rand strengthened by 0.7% to trade at ZAR 13.6 against the US dollar, after the nation’s business confidence index recovered moderately in July, supported by higher commodity prices and improved energy supply. The greenback saw mixed trading against most of its major peers.
  • At 17:30 Brent crude rose 2.4% to settle at $45.4/bl, despite Baker Hughes data indicating a build-up in the US oil rig count last week. Gold prices remained flat to close at $1,335.2. Meanwhile, copper added 0.6% to trade at $216.5/lb.
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
Trustco Group Hldgs. (158) 16.4% 6.8%
Niveus Investments (151) 8.4% 16.8%
Accelerate Property Fund (134) 6.8% 2.4%
African Rainbow Minerals (76) 5.6% 12.7%
African Oxygen (117) 4.7% 15.5%
Grindrod (105) 4.6% 13.6%
Alexander Forbes Group Hldgs. (109) 4.3% 1.5%
PPC (135) 4.1% 23.8%
Group Five/South Africa (157) 3.8% 14.4%
Discovery (30) 3.4% 6.9%
Finbond Group (160) 3.3% -4.6%
Sasol (10) 3.3% -2.4%
RMB Hldgs. (26) 3.2% 14.9%
Lewis Group (140) 2.9% 3.3%
Kumba Iron Ore (49) 2.6% 23.7%
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
Schroder European Real Estate Inv. (159) -5.6% -12.9%
Peregrine Hldgs. (121) -5.2% -6.2%
Net 1 UEPS Technologies (119) -4.3% -7.7%
Rhodes Food Group Pty (129) -3.8% -0.3%
RCL Foods/South Africa (89) -3.3% -2.0%
Spur Corp (147) -2.9% 0.5%
Ascendis Health (107) -2.7% -1.9%
British American Tobacco (1) -2.7% -8.7%
MAS Real Estate (118) -2.5% -13.9%
Royal Bafokeng Platinum (102) -2.1% -0.8%
JSE (82) -2.1% -4.7%
Super Group/South Africa (85) -2.1% -2.3%
Choppies Enterprises (124) -2.0% -1.8%
Holdsport (156) -2.0% 4.2%
New Europe Property Investments (46) -1.9% 3.0%
Name Last Price 1D % Chg. 1M % Chg. Value**
MTN Group 12,746 down -1.8% -9.9% 130.9
Naspers 213,747 up 0.8% -0.6% 116.8
Standard Bank Group 14,817 up 2.2% 18.6% 68.9
Steinhoff Intl. Hldgs. NV 8,905 up 0.9% 7.9% 59.5
Sasol 37,533 up 3.3% -2.4% 51.4
SABMiller 77,300 down -1.1% -6.5% 47.9
BHP Billiton 18,595 up 2.1% 2.8% 40.8
BATS 84,497 down -2.7% -8.7% 40.1
Shoprite Hldgs. 20,650 up 0.3% 26.2% 28.5
FirstRand 5,007 up 2.4% 13.4% 28.0
Metals Last Price 1D % Chg. 1M % Chg.
Silver Spot ($/oz) 19.8 up 0.6% -2.4%
Comex Copper($/lb) 216.5 up 0.6% 2.2%
Platinum Spot ($/oz) 1,147.5 up 0.5% 4.7%
Palladium Spot ($/oz) 695.4 up 0.2% 13.0%
Gold Spot ($/oz) 1,335.2 0.0% -2.3%
Energy Last Price 1D % Chg. 1M % Chg.
WTI($/bl) 42.9 up 2.7% -5.4%
Brent($/bl) 45.4 up 2.4% -3.0%
Heating Oil($/gal) 134.4 up 2.0% -4.9%
Ethanol($/gal) 1.4 up 1.8% -9.4%
RBOB Gasoline($/gal) 138.2 up 0.4% 0.8%
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