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JSE ends in the red following declines in global equities

Thursday, 28 July 2016South Africa Surveillance

The JSE All-Share index ended lower led by weakness in the banking and financial sectors. Yesterday, the US Federal Reserve opted to keep its monetary policy unchanged by maintaining the key interest rate in a range between 0.25% and 0.5%. Meanwhile, the Fed officials also stated that near-term risks to the economic outlook have diminished despite the Brexit vote.

  • The JSE All-Share index declined 0.9% to close at 53,282.2 with the banking and financial sectors leading losses across the board, while JSE Top-40 index fell 1.0% to close at 46,390.0.
  • In Asia, the Nikkei 225 index closed 1.1% lower due to strength in the Japanese Yen with investors remaining cautious ahead of the BoJ’s monetary policy decision scheduled to be announced tomorrow, while the Shanghai Composite index rebounded 0.1% amid advances in the utility and automobiles sectors. European stocks traded lower with market participants going through another raft of earnings. Macroeconomic data indicated that Germany’s annual consumer price index rose more than anticipated in July. US markets traded lower amid disappointing earnings and mixed US economic data.
  • Among the advancers, Impala Platinum Holdings and Accelerate Property Fund both rose 6.4%. On the downside, Net 1 UEPS Technologies slid 8.0% while Clientele and Alexander Forbes Group Holdings fell 6.3% and 4.2% respectively.
  • On the sectoral front, the platinum mining and mining indices surged 4.4% and 1.6% respectively while the banking and financial indices gave up 1.3% each.
  • The South African Rand strengthened 0.1% to trade at ZAR 14.3 against the US dollar. In economic news, South African producer inflation accelerated to 6.8% on annual basis in June. The greenback traded lower against most of the major currencies. On the data front, weekly jobless claims in the US rose more than expected by 14K to 266K last week.
  • At 17:30 Brent crude dipped 1.3% to settle at $42.9/bl depressed by concerns over a supply glut. Gold prices declined 0.2% to close at $1,336.9. Meanwhile, copper added 1.6% to trade at $221.8/lb.
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Impala Platinum Hldgs. (52) 6.4% 36.3%
Accelerate Property Fund (133) 6.4% 2.5%
Anglo American (12) 5.3% 20.4%
Afrimat (155) 5.0% 3.4%
Rhodes Food Group Pty (131) 5.0% 19.0%
Lonmin (95) 4.0% 28.2%
Kumba Iron Ore (51) 3.5% 34.6%
Anglo American Platinum (23) 3.4% 26.6%
Harmony Gold Mining Co (71) 3.0% 23.4%
Northam Platinum (74) 2.8% 25.2%
Gold Fields (34) 2.4% 29.1%
Metair Investments (144) 2.3% -5.0%
Schroder European Real Estate Inv. (156) 2.3% -4.3%
Ascendis Health (111) 2.1% 4.1%
AfroCentric Investment Corp (153) 2.0% 4.0%
Company Name(NSE Rank) 1D %
Chg.
1M %
Chg.
Net 1 UEPS Technologies (120) -8.0% -13.0%
Clientele (134) -6.3% -3.1%
Alexander Forbes Group Hldgs. (105) -4.2% -4.9%
Adcorp Hldgs. (162) -3.9% -7.8%
Hyprop Investments (63) -3.3% 11.6%
Novus Hldgs. (143) -3.2% 1.0%
MTN Group (8) -3.1% 0.4%
Lewis Group (140) -3.0% -1.4%
Clover Industries (145) -3.0% 2.2%
Coronation Fund Managers (72) -3.0% 10.7%
Nampak (86) -2.7% 17.0%
Nedbank Group (24) -2.7% 6.7%
Trencor (116) -2.7% 4.2%
Telkom SA SOC (62) -2.6% -1.5%
Reinet Investments SCA (39) -2.6% -8.0%
Name Last Price 1D % Chg. 1M % Chg. Value**
Naspers 224,006 down -1.7% 5.8% 197.6
SABMiller 79,950 down -2.0% -8.3% 185.9
Anglo American 15,708 up 5.3% 20.4% 160.4
BATS 88,828 down -0.2% -3.4% 109.4
MTN Group 13,955 down -3.1% 1.9% 101.8
Standard Bank Group 13,784 down -1.3% 11.1% 85.2
Bidvest Group 15,721 down -1.1% 17.4% 84.5
Sasol 38,719 down -2.1% -1.1% 73.1
Shoprite Hldgs. 20,204 down -0.7% 23.0% 71.5
FirstRand 4,869 down -1.4% 11.6% 58.9
Metals Last Price 1D % Chg. 1M % Chg.
Comex Copper($/lb) 221.8 up 1.6% 2.2%
Platinum Spot ($/oz) 1,136.6 up 0.3% 16.7%
Gold Spot ($/oz) 1,336.9 down -0.2% 1.9%
Silver Spot ($/oz) 20.2 down -0.5% 14.0%
Palladium Spot ($/oz) 697.6 down -0.6% 22.8%
Energy Last Price 1D % Chg. 1M % Chg.
RBOB Gasoline($/gal) 132.4 up 0.2% -12.3%
Heating Oil($/gal) 128.2 down -1.0% -12.9%
Brent($/bl) 42.9 down -1.3% -11.7%
WTI($/bl) 41.4 down -1.4% -13.6%
Ethanol($/gal) 1.4 down -1.4% -11.4%
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