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9-12-2016 JSE, global markets continue upward march
Natalie Mayer
13 December 2016

Local markets

The JSE All Share closed 0.71% higher on Friday, as gains in financial and industrial stocks offset losses in gold miners and resources.

The rand was trading at R13.77 to the US dollar, R17.29 to the British pound and R14.53 to the euro at 5pm.

Gold had given up 0.51% to sell at $1164.22 an ounce, while Brent crude had lost 0.79% to $54.17 a barrel.

International markets

On Asian markets, the Nikkei ended 1.23% higher after the European Central Bank decided to extend its bond buying programme beyond March. China’s Shanghai index closed 0.54% up . Hong Kong’s Hang Seng closed 0.44% lower.

European and UK markets were positive by close of trade in SA, as investors were cheered by supportive policies from the ECB. The German DAX was gaining 0.18%, the French CAC40 rising 0.54%, and the British FTSE 100 advancing by 0.05%.

US markets were rising, with the Dow Jones up 0.16%, the S&P 500 gaining 0.30% and the Nasdaq advancing 0.55% by 5pm SA time. 

Share price news

On the top ten gainers list was Mediclinic International (MEI), whose shares rose 5.60% to sell at R128.50 after 1,188,010 shares were exchanged in 2,757 deals today. Also on the list was Fortress Income Fund (FFB), whose shares climbed to R32.46 after 2,789 deals traded 1,952,239 shares, a boost in the share price of 5.05%.

Sibanye Gold (SGL) was amongst the biggest movers downwards, as shares slid 15.31% to R24.01 after investors bought and sold 21,206,675 shares in 12,990 deals. After 2,291deals exchanged a total of 545,530 shares, Kumba Iron Ore (KIO) fell 3.24% to R167.00 by 5pm.

Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
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