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JSE ends week on a high

Nov 17 2017 18:50
Musa Makoni, EasyEquities
JSE,jse

The new JSE logo. (Supplied)

Company Data

IMPERIAL HOLDINGS LIMITED [JSE:IPL]

Last traded 56
Change 2
% Change 4
Cumulative volume 1505084
Market cap 0

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

IMPALA PLATINUM HOLDINGS LIMITED [JSE:IMP]

Last traded 139
Change 0
% Change 0
Cumulative volume 7850525
Market cap 0

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

THE SPAR GROUP LIMITED [JSE:SPP]

Last traded 200
Change 4
% Change 2
Cumulative volume 782635
Market cap 0

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

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Cape Town - The JSE recorded gains on Friday as the local bourse was buoyed by retailers and financials stocks.

The move higher by rand sensitive stocks was mainly as a result of the rand, which strengthened significantly against a basket of major currency pairs.

The local currency gained enough momentum to break below the R14/$ level as it reached an intra-day high of R13.95 against the US dollar. At 17:00, the USD/ZAR had retraced slightly to trade at R14.04/$.

Retailers Truworths [JSE:TRU] and The Foschini Group were among the biggest gainers of the day as they closed up 5.57% and 5.75% respectively.

The Spar Group [JSE:SPP] recorded another day of gains to close the day up 5.73%. 

Naspers [JSE:NPN], meanwhile, reached a new all time high of R3896.51 per share. This was on the back of the fresh all time high of HK$405.00 reached by Tencent Holdings in Friday's session on the Hang Seng.

This, in turn, supported the JSE All-Share index which broke above 60 000 points once again. Naspers [JSE:NPN] closed at R3845.00 per share, up 3.56% for the day.

Steinhoff continued climbing from its recent slump to gain another 1.70%, while Dis-Chem [JSE:DCP] and Imperial Holdings [JSE:IPL] climbed 1.66% and 3.74% respectively.

Mediclinic was among the biggest losers of the day losing 4.98%, while blue chip index heavyweight, Richemont [JSE:CFR] shed 2.57%.

Consolidated Infrastructure Group [JSE:CIL] which has been attempting to recover from its recent slump, came under pressure again as its hare price dropped by 18.32%.

Brait [JSE:BAT], meanwhile, continued to slide as it lost another 2.85%.

All-Share

The JSE All-Share Index closed up 0.97%, while the Top-40 index gained 0.99%. The Financials Index benefitted from the firmer rand to close up 1.53%, while the Industrials Index gained 1.40%. The Resources Index ended the day 0.59% weaker.

Metal commodities traded relatively firmer on Friday which saw Ggld recording modest gains to peak at an intra-day high $1 287.18 per ounce.

This strength was due to a relatively weaker US dollar earlier on. The dollar did have a minor recovery after the release of better than expected US Building Permits and Housing Starts data, however. Gold was trading at $1285.27/Oz just after the JSE closed.

Palladium peaked at an intra-day high of $997.13/Oz while Platinum peaked at $944.35/Oz. This supported stocks such as Impala Platinum [JSE:IMP] and Royal Bafokeng Platinum [JSE:RBP] which closed up 0.43% and 1.31%.

Palladium was trading at $992.40/Oz just after the JSE closed and platinum at $942.38/Oz.

Brent Crude, meanwhile, gained more than 1% to peak at $62.30 per barrel. When the JSE closed it was recorded at $62.04 per barrel.



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