SECTIONS
5pm market wrap

2-06-2015 Gains in resources lift JSE

Local markets

At close of trade on Tuesday, the JSE All Share had edged up 0.21%, supported by 2.48% gains in resource shares.

A US dollar cost R12.23, a British pound cost R18.69 and a euro cost R13.60 at 5pm.

Brent crude had fallen 0.95% to $64.94 a barrel as the US dollar strengthened and as investors expect OPEC to keep production levels constant despite world oversupply.

International markets

The Nikkei ended 0.13% lower as Japanese investors took profits, expecting US interest rates to rise in the near future.

The Shanghai index climbed 1.69% as Chinese investors continued to bet that the government would take steps to boost the economy.

The German DAX was down 1.01% at 5pm SA time, the French CAC40 had lost 0.39% and the British FTSE 100 had fallen 0.24% as worries about a deal between Greece and its creditors continued to plague investors.

US markets were also falling, with the Dow Jones sliding 0.09%, the S&P 500 giving up 0.13% and the Nasdaq declining 0.11% after biotechnology stocks weakened and investors shared Europe’s worries about Greece and her next debt repayment deadline.

Share price news

On the top ten gainers list was Bowler Metcalf (BCF), whose shares rose 9.66% to sell at R7.95 after 151,455 shares were exchanged in 36 deals today. Also on the list was Anglo American (AGL), whose shares climbed to R196.84 after 6,861 deals traded 3,717,673 shares, a boost in the share price of 4.92%.

PSG Group (PSG) was amongst the biggest movers downwards, as shares slid 4.65% to R194.51 after investors bought and sold 819,043 shares in 2,775 deals. After 114 deals exchanged a total of 265,555 shares, Comair (COM) fell 4.04% to R4.75 by 5pm.

2015-06-02 17:08:59

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