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JSE ends lower due to weakness in the mining sectors

Friday, 5 August 2016South Africa Surveillance

The JSE All-Share index ended lower with the mining sectors hurting the most. Macroeconomic data showed that US jobs numbers smashed forecasts for the second consecutive month in July, showing further strength in the labor market even though the nation’s economy is expanding at a slower pace. Thus, raising the prospect of an interest rate hike by the US Federal Reserve before this year’s presidential elections.

  • The JSE All-Share index declined 0.4% to close at 52,348.4 with the mining sectors leading losses across the board, while JSE Top-40 index fell 0.3% to close at 45,385.7.
  • In Asia, the Nikkei 225 index declined marginally amid a stronger Japanese Yen while the Shanghai Composite index closed 0.2% lower, reversing its previous session gains. European stocks traded sharply higher as investors digested another wave of corporate earnings reports. On the data front, German factory orders dropped more than expected on a monthly basis in June amid declines in foreign demand. US markets traded in positive territory amid a bumper jobs report.
  • On the sectoral front, the banking and financial indices advanced 0.2% and 0.1% respectively while the platinum mining and gold mining indices plunged 3.5% and 3.2% respectively.
  • Among the advancers, African Oxygen climbed 5.3% while RCL Foods/South Africa and Caxton & CTP Publishers & Print advanced 5.2% and 4.9% respectively. On the downside, Trustco Group Holdings dipped 6.4% while Harmony Gold Mining Co and Royal Bafokeng Platinum fell 5.0% and 4.4% respectively.
  • The South African Rand weakened 0.6% to trade at ZAR 13.8 against the US dollar. The greenback traded higher against most of its major peers.
  • At 17:30 Brent crude fell 1.5% to settle at $43.7/bl ahead of the Baker Hughes weekly US crude oil rig count data slated for release in a short while. Gold prices declined 1.6% to close at $1,339.0, weighed down by strength in the greenback. Meanwhile, copper shed 0.3% to trade at $216.8/lb.
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
African Oxygen (119) 5.3% 11.7%
RCL Foods/South Africa (91) 5.2% 7.7%
Caxton & CTP Publishers & Print. (134) 4.9% 4.5%
Astral Foods (131) 4.4% -0.8%
Holdsport (159) 4.2% 4.8%
Net 1 UEPS Technologies (120) 3.6% -1.3%
Rhodes Food Group Pty (130) 3.1% 6.2%
BHP Billiton (3) 3.0% 0.7%
Pallinghurst Resources (158) 2.9% 11.1%
Oceana Group (83) 2.4% 0.2%
Nampak (84) 2.1% 15.3%
JSE (82) 2.1% -1.9%
AVI (67) 1.9% 8.2%
Novus Hldgs. (145) 1.9% 0.9%
Omnia Hldgs. (98) 1.8% 9.2%
Company Name (JSE Rank) 1D %
Chg.
1M %
Chg.
Trustco Group Hldgs. (154) -6.4% -15.8%
Harmony Gold Mining Co (71) -5.0% 4.6%
Royal Bafokeng Platinum (102) -4.4% -0.4%
AngloGold Ashanti (20) -4.4% 5.4%
Assore (74) -4.1% -7.3%
Lonmin (95) -4.1% -4.9%
Sappi (57) -4.1% -0.2%
Adcorp Hldgs. (162) -4.0% -13.5%
Anglo American Platinum (21) -3.9% 11.8%
Trencor (118) -3.6% -0.9%
Capital & Counties Properties (51) -3.3% -4.8%
Bid Corp Ltd (27) -3.3% -9.2%
Impala Platinum Hldgs. (47) -3.3% 23.9%
Finbond Group (160) -3.2% -9.1%
Group Five/South Africa (155) -3.2% 11.5%
Name Last Price 1D % Chg. 1M % Chg. Value**
Naspers 212,110 down -0.7% -2.0% 236.4
MTN Group 12,982 down -2.8% -6.9% 164.4
SABMiller 78,122 down -0.5% -6.6% 82.9
Standard Bank Group 14,492 up 0.3% 17.1% 72.1
FirstRand 4,890 up 0.8% 13.1% 58.6
Bidvest Group 16,184 up 0.7% 20.4% 57.0
Sasol 36,338 down -2.3% -5.6% 53.1
BHP Billiton 18,213 up 3.0% 0.6% 49.8
Woolworths Hldgs 8,920 up 0.2% 12.3% 46.1
Shoprite Hldgs. 20,588 up 1.0% 24.6% 45.3
Metals Last Price 1D % Chg. 1M % Chg.
Comex Copper($/lb) 216.8 down -0.3% -0.6%
Palladium Spot ($/oz) 696.1 down -1.1% 16.4%
Platinum Spot ($/oz) 1,143.2 down -1.3% 6.6%
Gold Spot ($/oz) 1,339.0 down -1.6% -1.2%
Silver Spot ($/oz) 19.8 down -2.5% -0.7%
Energy Last Price 1D % Chg. 1M % Chg.
Ethanol($/gal) 1.4 up 2.1% -9.4%
RBOB Gasoline($/gal) 136.6 down -0.1% -4.4%
Brent($/bl) 43.7 down -1.5% -9.0%
WTI($/bl) 41.2 down -1.7% -11.6%
Heating Oil($/gal) 130.3 down -1.8% -9.9%
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