5pm market wrap

1-11-2016 Soaring gold miners pull JSE upwards

Local markets

On Tuesday, gold mining shares soared 6.83%, leading gains across the JSE and seeing the All Share close 0.82% higher. 

At 5pm, the rand was trading at R13.56 to the US dollar, R16.55 to the British pound and R14.97 to the euro.

Brent crude had slipped 1.25% to $49.13 a barrel, while gold had climbed 0.89% to $1288.13.

International markets

The Japanese Nikkei ended 0.10% up after the Bank of Japan decided to maintain stimulus measures. The Shanghai index rose 0.71% , and Hong Kong’s Hang Seng advanced 0.93% after two Chinese manufacturing indices rose to their highest levels in two years.

European and UK markets were mixed as investors digested corporate earnings results. The German DAX was down 0.61%, the French CAC40 had lost 0.47% and the British FTSE 100 had risen 0.07% by 5pm in SA.

At that time US markets were negative. The Dow Jones had slipped 0.18%, the S&P 500 had given up 0.22% and the Nasdaq had fallen 0.24%.

Share price news

On the top ten gainers list was Impala Platinum Holdings (IMP), whose shares rose 9.23% to sell at R59.20 after 4,541,219 shares were exchanged in 5,091 deals today. Also on the list was Sibanye Gold (SGL), whose shares climbed to R39.49 after 7,032 deals traded 10,050,171 shares, a boost in the share price of 7.46%.

RCL Foods (RCL) was amongst the biggest movers downwards, as shares slid 5.09% to R13.05 after investors bought and sold 37,977 shares in 29 deals. After 1,343 deals exchanged a total of 195,392 shares, Wilson Bayly Holmes-Ovcon (WBO) fell 4.64% to R144.95 by 5pm.

2016-11-01 17:23:38

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