Loading...

JSE closes weaker after dormant session

May 28 2018 18:46
Musa Makoni, EasyEquities


Company Data

REUNERT LIMITED [JSE:RLO]

Last traded 77
Change 0
% Change 0
Cumulative volume 30617
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

MASSMART HOLDINGS LIMITED [JSE:MSM]

Last traded 114
Change 2
% Change 1
Cumulative volume 91367
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

LIFE HEALTHCARE GROUP HOLDINGS LIMITED [JSE:LHC]

Last traded 24
Change 0
% Change 2
Cumulative volume 1464701
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Italy turmoil drags European stocks down

Oil prices dive but Trump-Kim hopes boost Asian equity markets

Rand up slightly in early trade as US breaks for Memorial Day

Europe stocks rise, led by Milan

Asia energy firms dive with oil, Trump-Kim hopes provide optimism

Oil drops as Saudis signal likely supply boost

 

Johannesburg - The JSE closed softer on Monday, following a rather dormant trading session.

The local index struggled to find a catalyst for direction due to the closure of US and UK markets for a public holiday. The day was subdued in terms of economic data, both locally and on the international front.

In terms of earnings results, Tongaat Hulett [JSE:TON], Telkom [JSE:TKG] and Reunert [JSE:RLO] released their results which mostly disappointed.

As a result the three stocks lost 2.75%, 3.6% and 4.6% respectively. Gold miners Harmony Gold [JSE:HAR] and Gold Fields [JSE:GFI] traded under pressure due to the weaker gold metal prices, which saw the stocks losing 6.46% and 1.77% respectively.

Aveng [JSE:AEG] slumped to reach a new all-time low of 30 cents per share after it had managed to open at 45c/share. The stock closed at 38c/share, down 11.63% for the day.

Retailers Massmart [JSE:MSM] and Truworths [JSE:TRU] shed 0.85% and 1.15% respectively, and NEPI Rockcastle [JSE:NRP] and Resilient [JSE:RES] closed 1.25% and 2.52% weaker.

African Rainbow Investments [JSE:AIL] relinquished most of its earlier gains to close 1.25% higher, while Life Healthcare [JSE:LHC] managed to gain 3.22%.

Mondi Ltd [JSE:MND] and Mondi PLC [JSE:MNP] gained 2.19% and 2.05% respectively, while Rhodes Food Group [JSE:RFG] and Long4Life [JSE:L4L] firmed by 4.07% and 2.61% respectively.

British American Tobacco [JSE:BTI] and Reinet [JSE:RNI] managed to gain 0.91% and 1.73% respectively, while Aspen [JSE:APN] managed to gain 2.92% to close at R252.97 per share.

Shoprite [JSE:SHP] bucked the trend recorded in other retailers to end the day 1.11% firmer.

The JSE All-Share Index eventually closed 0.10% weaker, while the JSE Top-40 Index gained only 0.02%. The Resources and Financials Indices lost 0.54% and 0.22% respectively, but the Industrials Index managed to add 0.27%.

The rand strengthened against the US dollar, despite the greenback trading firmer. After reaching a session high of R12.42/$, the local unit retraced marginally to trade at R12.44/$ at 17:00.

Gold broke below $1 300 per ounce to reach a session low of $1 295.60/oz, mainly on the back of the stronger US dollar.

The precious metal was trading at $1 298.84/oz at 17:00. Contrary to the direction in gold, platinum and palladium were firmer on the day, trading at $904.64/oz and $982.01/oz at 17:00.

Brent Crude continued to trade softer as it lost more than 2% to reach a session low of $74.49 per barrel.

It staged a small recovery to trade at $75.27/barrel just after the JSE close.

Ethereum slid by more than 6% to trade at $530.50 per coin at 17:00; however, the slide in Bitcoin was milder as the coin was down just over 1% to trade at $7 255.40 per coin.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

equities  |  jse  |  markets
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The state capture inquiry will:

Previous results · Suggest a vote

Loading...