In partnership with
  • Terry Bell's Inside Labour

    The PIC, which holds nearly R2trn of workers’ pension funds, needs to come clean or face legal action.

  • Ian Mann's book review

    Both giants and SMEs need to be prepared for the 15 disruptive forces that are driving change.

  • Redeem yourself, Gerrie!

    In joining AfriForum, Gerrie Nel has moved out of the reputational frying pan into the fire, says Solly Moeng.


JSE softer ahead of Trump's decision on Iran

May 08 2018 19:17
Musa Makoni, EasyEquities

Company Data


Last traded 34
Change 1
% Change 2
Cumulative volume 364506
Market cap 0

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


Last traded 284
Change -4
% Change -2
Cumulative volume 290978
Market cap 0

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

Mondi plc [JSE:MNP]

Last traded 346
Change -3
% Change -1
Cumulative volume 377425
Market cap 0

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

Related Articles

London opens higher after break, Shire jumps on Takeda bid

Rand moves: Respect the tide, ride the wave, watch the ripples - Part 3

Hong Kong stocks head into break with healthy gains

Tech rally leads US stocks higher

Oil prices down in Asia as focus turns to Trump


Johannesburg - The JSE closed weaker on Tuesday as stocks retreated from their mildly firmer close on Monday.

Rand hedge stocks benefited from the weaker local unit, which saw Mondi Ltd [JSE:MND] and Mondi Plc [JSE:MNP] gain 2.68% and 2.29% respectively.

Sappi [JSE:SAP] and Richemont [JSE:CFR] also managed to firm by 1.64% and 0.79% respectively. Naspers [JSE:NPN] closed 1.3% firmer to close at R3 078.71 per share, but this was not enough to lift the blue-chip index.

On the broader index, Net 1 UEPS [JSE:NT1] and Clientele [JSE:CLI] jumped 13.97% and 4.17% respectively to end among the day’s biggest gainers.

Rebosis Property Fund [JSE:REB] was buoyed by the release of its earnings results for the six months ended February 28, which saw the stock closing gaining 3.13% to close at R8.25 per share.

Balwin Properties [JSE:BWN] also managed to record gains of 1.69% to close at R6.00 per share.

On of the day’s biggest losers, ArcelorMittal [JSE:ACL] came under significant pressure following the announcement of the resignation of its chief financial officer.

The stock nose-dived to reach a session low of R2.11 per share before rebounding to eventually close at R2.42 per share, down 13.57% for the day. EOH Holdings [JSE:EOH] came under significant pressure to close 6.49% weaker at R36.00 per share.

Retailer Mr Price [JSE:MRP] slid by 5.33% to close at R258.00 per share, while Impala Platinum [JSE:IMP] tumbled by 7.56% to close at R19.80 per share.

Kumba Iron Ore [JSE:KIO] and Sibanye-Stillwater [JSE:SGL] lost 4.42% and 3.21% respectively, while Discovery [JSE:DSY] and MMI Holdings [JSE:MMI] shed 2.80% and 2.21% respectively.

The blue-chip JSE Top-40 Index eventually closed 0.29% weaker, while the broader JSE All-Share Index lost 0.52%. There weren’t many positives to take note of, as all the major indices closed in the red.

The Financials Index lost 0.82%, while the Resources and Industrials Indices shed 0.51% and 0.08% respectively.

The US dollar strengthened significantly against a basket of major currencies, as depicted by the US dollar index which climbed above 93 index points.

The rand declined to a session low of R12.63/$ and looked set for more weakness ahead of President Donald Trump’s decision on the Iran deal, expected at 20.00 CAT. The local unit was trading at R12.62/$ at 17.00 CAT.

As a result of the US dollar strength, gold slid to a session low of $1306.14 per ounce before it retraced briefly to trade at $1307.31/oz at 17.00 CAT.

Platinum was range-bound between $908/oz and $914/oz, and at 17.00 CAT it was trading at $909.40/oz. Palladium slipped to a session low of $966.68/oz earlier, but managed to recoup those losses to trade at $971.80/oz at 17.00 CAT.

Brent Crude traded softer to reach a session low of $75.17 per barrel, as caution engulfed the market ahead of Trump’s decision on Iran. The commodity was trading at $75.36/barrel just after the JSE close.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

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

equities  |  jse  |  markets


Company Snapshot

Money Clinic

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

Voting Booth

Have you considered your options for retirement?

Previous results · Suggest a vote