Company Data
| Last traded |
R33,104.06 |
| Change |
R111.81 |
| % Change |
0.34% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
| Last traded |
R29,189.72 |
| Change |
R115.53 |
| % Change |
0.40% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - South African stocks rose 1% on Monday, led by resource firms such as diversified miner Anglo
American, after Greece’s parliament approved sweeping austerity measures that
reassured equity markets around the world.
Global stock markets sighed in collective relief after Greek
lawmakers assented to deeply unpopular austerity measures that were required
before the European country can secure a second rescue package and the money it
needs to meet debt repayments.
“Resources attracted buying interest after being sold off heavily
on Friday. We are seeing them rebounding. We are seeing renewed buying in (the)
euro which has helped underlying commodity prices,” said Devin Shutte, a trader
at brokerage Newstrading.
Markets are, however, still jittery as several issues are yet to be
resolved before the shadow of a messy default lifts.
“We are not out of the woods by any means yet. Regardless of the
solution that has come through, there is still a hard road ahead for that
economy. I don’t think there is a quick fix and the markets are grappling with
that,” Shutte said.
However, some local players remain bullish about the outlook.
“That’s the helping hand, the bit of clarity with what’s going on
in Greece,” said Mitchell Gannaway, a trader at Thebe Stockbroking.
“I think there will be further upside... I still think we’re going
to continue to push new levels.”
The mining index rose 1.53% as Anglo American rose 2.9% to R342.29 and platinum producer Lonmin added 1.8% to R127.02.
Absa Group rose 1.6% to R151.35 after UBS raised its
price target to R174 and gave it a ’buy’ rating. South Africa’s biggest
retail bank reported a 21% jump in full-year earnings on Friday.
Market activity was relatively slow with 158.4 million shares
traded, according to preliminary bourse data. Trade in 2011 averaged 256 million
shares changing hands daily.
Advancers outnumbered by a ratio of about 2 to 1 with 62 shares
unchanged.
Data on Monday showed foreigners were net sellers of South African
equities last week, selling a net 1.6 billion rand worth of shares.