JSE ends lower led by declines in the mining and basic materials sectors

Wednesday, 10 August 2016 | South Africa Surveillance

The JSE All-Share index ended lower led by weakness in the mining and basic materials sectors. Global stocks traded mixed on thin trading volumes.

  • The JSE All-Share index declined 0.5% to close at 52,218.6 with the mining and basic materials sectors leading losses across the board, while JSE Top-40 index fell 0.8% to close at 45,132.1.
  • In Asia, the Nikkei 225 index retreated 0.2% amid strength in the Japanese Yen, hurting the export sector of the nation. Early morning data showed that Japanese machinery orders grew sharply in June. The Shanghai Composite index also closed 0.2% lower, surrendering its previous session gains, weighed down by weakness in the property and financial sectors. European stocks traded mixed as market participants waded through another set of mixed corporate earnings. US markets traded in a tight range due to volatility in crude oil prices.
  • Among the advancers, PPC jumped 8.0% while Imperial Holdings and Royal Bafokeng Platinum advanced 5.2% and 4.8% respectively. On the downside, Trencor dropped 6.3% while Accelerate Property Fund and Texton Property Fund fell 5.3% and 4.6% respectively.
  • On the sectoral front, the platinum mining and banking indices surged 3.5% and 0.1% respectively while the mining and basic materials indices gave up 1.3% and 1.1% respectively.
  • The South African Rand strengthened 0.8% to trade at ZAR 13.3 against the US dollar. The greenback traded lower against most of its major peers. Newly released data indicates that the number of new job openings in the US outpaced estimates in June.
  • At 17:30 Brent crude rose 0.1% to settle at $45.0/bl after OPEC, in its monthly oil report, stated that it expects world oil demand growth to average 1.22 million barrels per day (bpd) this year, 30K bpd higher than last month. However, the EIA reported that US crude oil inventories unexpectedly rose by 1.1 million barrels in the week ending August 5th. Gold prices advanced 0.3% to close at $1,343.7 on the back of a stronger US dollar. Meanwhile, copper added 2.1% to trade at $219.4/lb.
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
PPC (135) 8.0% 33.6%
Imperial Hldgs. (61) 5.2% 19.6%
Royal Bafokeng Platinum (105) 4.8% 3.9%
Barloworld (78) 4.6% 14.1%
AECI (98) 4.6% 15.6%
Foschini Group (65) 4.5% 15.2%
Astral Foods (129) 4.1% 5.5%
Northam Platinum (74) 4.0% 19.4%
Rhodes Food Group Pty (134) 4.0% 3.7%
Pivotal Fund (127) 3.9% 0.5%
Spur Corp (149) 3.9% 4.5%
Impala Platinum Hldgs. (47) 3.8% 32.6%
Schroder European Real Estate Inv. (158) 3.7% -9.6%
Anglo American Platinum (21) 3.7% 20.7%
Wilson Bayly Holmes-Ovcon (114) 3.3% 4.5%
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
Trencor (119) -6.3% -5.6%
Accelerate Property Fund (132) -5.3% -3.0%
Texton Property Fund (157) -4.6% -10.6%
Brait SE (37) -3.7% -3.3%
Group Five/South Africa (155) -3.3% 10.6%
BHP Billiton (3) -3.0% -0.2%
Assore (75) -2.7% -1.1%
Tradehold (138) -2.7% -7.6%
Resilient REIT (45) -2.6% 0.4%
MTN Group (11) -2.6% -11.8%
Adcock Ingram Hldgs. (110) -2.6% -0.4%
Invicta Hldgs. (123) -2.5% 4.0%
Intu Properties (32) -2.4% 3.9%
Redefine Intl. (87) -2.4% -2.5%
AfroCentric Investment Corp (154) -2.4% -7.5%
Name Last Price 1D % Chg. 1M % Chg. Value**
Naspers 213,000 down -0.4% -0.4% 257.6
MTN Group 12,417 down -2.6% -11.8% 205.3
Standard Bank Group 15,056 up 1.6% 20.8% 134.8
Steinhoff Intl. Hldgs. NV 8,790 down -1.3% 6.5% 113.1
FirstRand 4,930 down -1.5% 12.8% 98.3
Sasol 37,300 down -0.6% -3.0% 94.9
SABMiller 75,547 down -2.3% -8.7% 80.0
Foschini Group 15,729 up 4.5% 15.2% 73.9
Brait SE 11,696 down -4.5% -3.3% 71.6
Barclays Africa Group 16,177 down -0.5% 18.8% 59.5
Metals Last Price 1D % Chg. 1M % Chg.
Palladium Spot ($/oz) 727.7 up 4.9% 18.3%
Platinum Spot ($/oz) 1,177.5 up 2.4% 7.4%
Comex Copper($/lb) 219.4 up 2.1% 3.5%
Silver Spot ($/oz) 20.2 up 1.7% -0.4%
Gold Spot ($/oz) 1,343.7 up 0.3% -1.7%
Energy Last Price 1D % Chg. 1M % Chg.
Heating Oil($/gal) 133.8 up 0.6% -5.3%
Brent($/bl) 45.0 up 0.1% -3.7%
WTI($/bl) 42.7 down -0.2% -6.0%
RBOB Gasoline($/gal) 133.6 down -0.7% -2.5%
Ethanol($/gal) 1.4 down -1.2% -11.5%
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