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Johannesburg - The JSE closed at an all-time high on Monday due to positive global sentiment‚ while a weaker rand provided further support.
The rise was underpinned by gold‚ resource and rand-hedge counters.
All the main indices closed in positive territory‚ helped firmer by the weaker rand‚ which lost value due to SA’ high trade deficit and strikes at several of Exxaro’s coal mines.
The local currency was trading at R9.1249/$ at 17:00 local time from R9.0866/$ at Friday’s close.
The All Share [JSE:J203] index closed 0.62% firmer at 40 984.22 points and the Top 40 - (Tradeable) [JSE:J200] index was up 0.62%.
Gold miners and resources advance 1.14% and 0.92% respectively.
At 17:00 local time London’s FTSE 100 was 0.13% firmer‚ while the Dow Jones Industrial index was flat (0.02%)‚ just short of the all-time high it reached on Friday.
“We saw some good employment numbers out of the US on Friday with nonfarm payrolls growth much higher than expected. This indicates that the US economy is improving‚ which is buoying our local bourse‚ with the US being one of our biggest trading partners‚” Michael du Plooy‚ trader at PSG Konsult in Pretoria said.
“The rand was weaker not only due to our local politics‚ but also because our trade deficit is way too high‚” he said.
On the JSE BHP Billiton (BIL) added 1.34% to R288.95 and Sasol (SOL) gained 1.12% to R407.50 after reporting a 2% rise in headline earnings per share to R24.01 for the six months ended December from R23.50 a year ago.
Kumba Iron Ore gave back 3% to R554 and Exxaro (EXX) added 1.83% to R169.90.
Rand-hedge SABMiller (SAB) lifted 1.62% to R473.09 and Barloworld (BAW) picked up 1.66% to R91.29.
Gold counters Anglogold Ashanti (ANG) added 1.3% at R226.46 and Harmony (HAR) leapt 4.63% to R58.96‚ while Sibanye (SGL) shed 3.56% to R13.80.
Retailer Clicks (CLS) jumped 5.75% to R62.39‚ builder Aveng (AEG) was up 3.36% to R36.88 and Spur Corporation (SUR) grew 4.32% to R29. Poynting Holdings (POY) surged 21.43% to 85c.
Investment group Remgro (REM) closed 0.96% firmer at R179.20 after it said in a trading statement that it expected headline earnings per share in the six months to December to between 33% and 37% lower than from the similar period a year ago.
Consumer goods group AVI (AVI) ended the day 0.87% softer at R57.95 after reporting an 8% rise in headline earnings per share to 210c in the six months ended December‚ from 194.2c a year ago.
Financial services group Sasfin Holdings (SFN) soared 9.59% to R40 after it reported a 22% rise in headline earnings per share to 198c in the six months to December‚ from 163c in the similar period a year ago.
The rise was underpinned by gold‚ resource and rand-hedge counters.
All the main indices closed in positive territory‚ helped firmer by the weaker rand‚ which lost value due to SA’ high trade deficit and strikes at several of Exxaro’s coal mines.
The local currency was trading at R9.1249/$ at 17:00 local time from R9.0866/$ at Friday’s close.
The All Share [JSE:J203] index closed 0.62% firmer at 40 984.22 points and the Top 40 - (Tradeable) [JSE:J200] index was up 0.62%.
Gold miners and resources advance 1.14% and 0.92% respectively.
At 17:00 local time London’s FTSE 100 was 0.13% firmer‚ while the Dow Jones Industrial index was flat (0.02%)‚ just short of the all-time high it reached on Friday.
“We saw some good employment numbers out of the US on Friday with nonfarm payrolls growth much higher than expected. This indicates that the US economy is improving‚ which is buoying our local bourse‚ with the US being one of our biggest trading partners‚” Michael du Plooy‚ trader at PSG Konsult in Pretoria said.
“The rand was weaker not only due to our local politics‚ but also because our trade deficit is way too high‚” he said.
On the JSE BHP Billiton (BIL) added 1.34% to R288.95 and Sasol (SOL) gained 1.12% to R407.50 after reporting a 2% rise in headline earnings per share to R24.01 for the six months ended December from R23.50 a year ago.
Kumba Iron Ore gave back 3% to R554 and Exxaro (EXX) added 1.83% to R169.90.
Rand-hedge SABMiller (SAB) lifted 1.62% to R473.09 and Barloworld (BAW) picked up 1.66% to R91.29.
Gold counters Anglogold Ashanti (ANG) added 1.3% at R226.46 and Harmony (HAR) leapt 4.63% to R58.96‚ while Sibanye (SGL) shed 3.56% to R13.80.
Retailer Clicks (CLS) jumped 5.75% to R62.39‚ builder Aveng (AEG) was up 3.36% to R36.88 and Spur Corporation (SUR) grew 4.32% to R29. Poynting Holdings (POY) surged 21.43% to 85c.
Investment group Remgro (REM) closed 0.96% firmer at R179.20 after it said in a trading statement that it expected headline earnings per share in the six months to December to between 33% and 37% lower than from the similar period a year ago.
Consumer goods group AVI (AVI) ended the day 0.87% softer at R57.95 after reporting an 8% rise in headline earnings per share to 210c in the six months ended December‚ from 194.2c a year ago.
Financial services group Sasfin Holdings (SFN) soared 9.59% to R40 after it reported a 22% rise in headline earnings per share to 198c in the six months to December‚ from 163c in the similar period a year ago.
