JSE ends higher steered by advances in the mining sectors

Thursday, 11 August 2016 | South Africa Surveillance

The JSE All-Share index ended higher driven by gains in the mining sectors. Earlier in the session, data showed that South Africa’s manufacturing output rose more than forecasted in June, raising optimism that the country could repel a recession.

  • The JSE All-Share index advanced 0.2% to close at 52,321.8 with the mining sectors leading gains across the board, while JSE Top-40 index rose 0.2% to close at 45,205.6.
  • In Asia, Japanese markets were closed for the Mountain Day public holiday while the Shanghai Composite index closed 0.5% lower, continuing its previous session’s losses. European stocks traded higher on the back of a robust set of quarterly results from retail companies. US markets traded higher amid a rally in crude oil prices.
  • Among the advancers, Murray & Roberts Holdings jumped 5.8% while Texton Property Fund and Omnia Holdings advanced 5.6% and 5.1% respectively. On the downside, Old Mutual slid 4.3% while Balwin Properties and JSE Ltd. both fell 2.6% each.
  • On the sectoral front, the platinum mining and gold mining indices advanced 1.8% and 0.6% respectively while the financial index, being the exception, gave up 0.5%.
  • The South African Rand strengthened 0.1% to trade at ZAR 13.3 against the US dollar. The greenback traded mixed against most of the major currencies. In economic news, the number of Americans filing for new unemployment benefits dropped last week, pointing towards strength in the labor market.
  • At 17:30 Brent crude surged 3.1% to settle at $45.4/bl after the International Energy Agency (IEA), in its monthly report, indicated easing crude oil oversupply concerns worldwide from July through September. Gold prices advanced 0.5% to close at $1,352.8 while copper also added 0.5% to trade at $218.1/lb.
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
Murray & Roberts Hldgs. (124) 5.8% 18.3%
Texton Property Fund (159) 5.6% -5.7%
Omnia Hldgs. (95) 5.1% 16.1%
Famous Brands (88) 3.5% 11.1%
Raubex Group (144) 3.4% 13.4%
Sun Intl./South Africa (105) 3.3% 9.3%
Indluplace Properties (161) 3.3% 3.8%
Impala Platinum Hldgs. (47) 3.2% 35.2%
PPC (132) 3.2% 37.3%
AECI (94) 3.2% 18.8%
KAP Industrial Hldgs. (80) 3.0% 12.1%
Hudaco Industries (149) 2.9% -1.3%
Woolworths Hldgs./South Africa (25) 2.6% 14.7%
Assore (75) 2.5% -1.1%
Fortress Income Fund (43) 2.4% -1.8%
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
Old Mutual (13) -4.3% -1.5%
Balwin Properties (141) -2.6% -6.9%
JSE (83) -2.6% -6.4%
Calgro M3 Hldgs. (153) -2.5% -5.0%
Investec Property Fund (101) -2.3% 1.8%
Rockcastle Global Real Estate (70) -2.3% 1.8%
Grand Parade Investments (163) -2.2% -0.8%
Adcorp Hldgs. (162) -2.1% -12.7%
Bid Corp Ltd (29) -2.0% -4.0%
Massmart Hldgs. (65) -1.8% 16.3%
Schroder European Real Estate Inv. (158) -1.7% -11.5%
Tradehold (139) -1.6% -9.1%
Bidvest Group (41) -1.5% 21.1%
Intu Properties (33) -1.4% -1.1%
Clientele (136) -1.4% 1.4%
Name Last Price 1D % Chg. 1M % Chg. Value**
Naspers 214,000 up 0.5% -2.2% 138.8
Old Mutual 3,719 down -4.3% -1.5% 116.9
MTN Group 12,620 up 1.6% -9.7% 113.0
SABMiller 75,004 down -0.7% -8.2% 76.0
Standard Bank Group 15,000 down -0.4% 16.3% 68.2
Vodacom Group 15,728 up 0.3% -7.5% 62.4
Woolworths Hldgs 9,405 up 2.6% 13.1% 60.8
Mr Price Group 23,933 up 0.3% 14.5% 60.8
Shoprite Hldgs. 20,700 down -0.6% 25.3% 55.7
Steinhoff Intl. Hldgs. NV 8,800 up 0.1% 3.4% 52.3
Metals Last Price 1D % Chg. 1M % Chg.
Silver Spot ($/oz) 20.2 up 0.9% -0.1%
Gold Spot ($/oz) 1,352.8 up 0.5% -0.2%
Comex Copper($/lb) 218.1 up 0.5% 1.6%
Platinum Spot ($/oz) 1,165.2 down -0.6% 6.0%
Palladium Spot ($/oz) 699.0 down -3.3% 12.5%
Energy Last Price 1D % Chg. 1M % Chg.
Heating Oil($/gal) 136.9 up 3.9% -3.3%
WTI($/bl) 43.1 up 3.2% -3.8%
Brent($/bl) 45.4 up 3.1% -1.8%
RBOB Gasoline($/gal) 133.5 up 2.6% -3.5%
Ethanol($/gal) 1.4 up 0.1% -10.2%
We are dynamic, switched on and plugged into what matters.