Share

JSE adds on to gains to end week on firmer note

The JSE recorded a third consecutive session of gains, which saw the local index close firmer on Friday.

Friday’s biggest gains were recorded in Net 1 UEPS [JSE:NT1] and Lewis Group [JSE:LEW], which jumped 19.69% and 12.05% respectively.

Ascendis Health [JSE:ASC] and RCL Foods [JSE:RCL] also recorded significant gains of 7.78% and 2.94% respectively. Miners Kumba Iron Ore [JSE:KIO] and Impala Platinum [JSE:IMP] managed to climb 5.4% and 3.67% respectively.

Retailers recorded decent gains today as stocks such as The Foschini Group [JSE:TFG], Mr Price [JSE:MRP] and Woolworths [JSE:WHL] gained 3.5, 3.59% and 2.45% respectively.

Imperial Holdings [JSE:IPL], which has traded under pressure recently, found some relief as it gained 5.17% to close at R227.96 per share. Mining giants Anglo American Plc [JSE:AGL] and BHP Billiton [JSE:BIL] ended the day 3.13% and 2.35% firmer.

Datatec [JSE:DTC] continued to slide as it lost 3.3% to close at R19.07 per share, while Lonmin [JSE:LON] ended the day 0.74% softer. EOH Holdings [JSE:EOH] and Steinhoff International [JSE:SNH] lost 2.87% and 8.05% respectively.

On the blue-chip index, rand hedges such as Richemont [JSE:CFR], Reinet [JSE:RNI] and British American Tobacco [JSE:BTI] came under pressure to end the day down 1.54%, 1.31% and 1% respectively.

Notable moves lower were recorded in Old Mutual [JSE:OML] and Sappi [JSE:SAP] which lost 1.06% and 1.48% respectively, while NEPI Rockcastle [JSE:NRP] shed 2.02%.

The blue-chip JSE Top-40 Index ended the day 0.64% firmer, while the JSE All-Share Index gained 0.72%. All the major indices managed to close in the green, with the biggest gainer being the Resources Index which gained 1.56%. The Financials and Industrials indices added 0.47% and 0.48% respectively.

The rand strengthened even more to reach a session high of R12.18/$ as US dollar weakness persisted for a third consecutive session. At 17.00 the local currency had retraced briefly and was trading at R12.24 against the greenback.

Brent crude struggled to regain the momentum seen in recent trading sessions as the commodity reached a session low of $77.08 per barrel. It was trading 0.06% weaker just after the JSE close, to be recorded at $77.55/barrel.

Despite trading softer in early morning trading, gold gained traction to reach a session high of $1326.03 per ounce. At 17.00 CAT the precious metal was trading at $1322.76/oz, up 0.05% for the day.

The other precious metals, particularly platinum and palladium, erased earlier gains to trade at $924.99/oz and $998.40/oz at 17.00 CAT.

Bitcoin broke below $9000 per coin in today’s trading session, and at 17.00 CAT it was trading at $8 622.90 per coin. Ethereum also slid below $700 per coin to trade at $685.62 per coin just after the JSE close.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.9%
Rand - Pound
24.10
-0.9%
Rand - Euro
20.59
-0.7%
Rand - Aus dollar
12.42
-0.9%
Rand - Yen
0.13
-0.8%
Platinum
915.75
-0.8%
Palladium
1,028.36
-3.5%
Gold
2,159.96
+0.2%
Silver
25.03
-0.6%
Brent Crude
85.34
-0.1%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders