Off the wire
• 1st LD: Philippine presidential candidate Poe concedes to Duterte  • Kenya's industrialists seek action to fix skill gap  • Urgent: Eurogroup meeting ends without Greek debt deal  • Italian FM says Vienna meeting on Libya needs common efforts  • Nearly 40,000 cruise passengers welcomed in Malta in Q1  • Xi congratulates Kim Jong Un on election as chairman of DPRK ruling party  • China warns Philippines against "blackmailing" on South China Sea  • Zambia ruling party accuses opposition of flouting peace accord  • U.S. experts call for int'l attention to yellow fever  • Urgent: Philippine presidential candidate Poe concedes to Duterte  
You are here: 　 Home

JSE closes lower as investors digest global growth sentiments

Xinhua, May 10, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed weaker on Monday as investors started the week digesting Friday's disappointing US jobs and Sunday's weak Chinese import data, as well as the impact of oil supply worries due to bushfires in Canada.

The all share index finished 0.13 percent to 51, 414.08 points, after sliding 2.91 percent last week.

Precious metals had lost ground, with gold down 1.59 percent at $1267.56 an ounce, silver falling 2.08 percent to $17.05 an ounce, and platinum declining 2.56 percent to sell at $1047.00 an ounce

The financial and banking indices rose 0.68 percent and 0.82 percent, respectively, as investors take up recently beaten down counters such as Standard Bank and First Rand.

The rand lost more than two percent against the dollar on poor unemployment figures. A U.S. dollar cost R15.14, a British pound cost R21.78 and a euro cost R17.26 at 5:00 pm

The industrial sector, which last week held up relatively better than the rest, gained 0.99 percent.

Among individual stocks, Nedbank jumped 4.05 percent to R174.29, with Standard Bank regaining 2.79 percent to R119.75 and FirstRand adding 2.96 percent to R43.42.

In the industrial sector, British American Tobacco was up 2.33 percent to R919.61, with Richemont up 2.48 percent to R96.10.

The exit from resource shares left Anglo American down 9.88 percent to R124.00, having lost 13 percent last week. Glencore dropped 5.51 percent to R28.99.

Raubex Group climbed 8.38 percent after investors traded 440,516 shares in 268 deals, which saw the share price adding R18.10 by close of day.

Sappi (SAP) added 5.99 percent to sell at R65.50 after 3,452 deals exchanged a total of 4,480,102 shares today.

Kumba Iron Ore slide 14.31 percent after 3,874 deals traded 1,311,737 shares, sending the share price lost R87.06. Enditem.