5pm market wrap

18-12-2015 Industrial shares lead losses on JSE

Local markets

On Friday, the JSE ended 1.99% lower before the weekend, led by 2.32% losses in industrial shares.

The rand had weakened against the three major currencies, and was trading at R15 to the US dollar, R22.37 to the British pound and R16.28 to the euro at 5pm.

Brent crude had fallen 0.70% to $36.93 a barrel, while gold gained 1.65% to sell at $1069.51 an ounce.

International markets

Asian markets ended in the red today, with the Nikkei down 1.90%, the Shanghai composite slipping 0.03% and the Hang Seng declining by 0.53%. Investors were disappointed by a plan by the Bank of Japan to buy exchange traded funds.

European markets followed suit, with the DAX lower by 1.02%, the CAC40 sliding 0.80% and the FTSE 100 falling 0.39%. In the US, the Dow Jones had retreated 0.81%, the S&P 500 was down 0.62% and the Nasdaq had given up 0.34%. Erasing some of the gains after the US Federal Reserve’s interest rate hike, investors resumed their worries about the prospects for global economic growth.

Share price news

Amongst the top ten movers up was Lonmin (LON), whose shares rose 8243.75% to sell at R13.35 after investors exchanged 4,836,929 shares in 1,263 deals. Climbing 8.62% to R33.78 was Kumba Iron Ore (KIO), after 2,138 deals traded a total of 1,757,388 shares today.

Ranking in the top ten losers was Delta Property Fund (DLT), whose shares dipped 13.04% after investors bought and sold 4,445,141 shares in 381 deals, sending the share price down to R6. Aveng (AEG) slid 12.96% to R1.88 after 347 deals saw the sale of 2,656,212 shares.

2015-12-18 17:18:46

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