MARKETS

JSE up, driven by strong financials

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Local markets

The JSE All Share had gained 0.17% by close of day on Thursday, driven by stronger financial shares.

The rand was trading at R10.33 to the US dollar, R17.50 to the British pound and R14.33 to the euro at 5pm.

Precious metals were mixed at that time, with gold down 0.05% to sell at $1288.86 an ounce, platinum rising 0.06% to $1429.40 an ounce, and silver had dropped 0.38% to $19.21 an ounce.

International markets

Asian markets were up at their close this morning, with the Japanese Nikkei rising 0.93%, the Chinese Shanghai index edging up 0.26% and Hong Kong’s Hang Seng climbing 0.42%.

European markets were gaining at 5pm SA time, after Draghi announced that policy makers will potentially take action in June. The DAX was up 0.55%, while the CAC40 was rising 1%.

US markets were also in the green, with the Dow Jones up 0.40%, the S&P 500 rising 0.39% and the Nasdaq was edging up 0.73%.

Share price news

Amongst the top ten movers upwards was Capevin Holdings (CVH) whose shares climbed 8.11% to R8,00 after 166 deals traded a total of 1,630,515 shares. Gaining 6.06% was Argent Industrial (ART), after investors exchanged 109,373 shares in 29 deals, pushing the share price up to R5,25 at market close.

After releasing their Aquisitions Terms And Withdrawel Of Cautionary Announcement, Clover Industries (CLR) in the food Processors sector found themselves amongst the top ten movers downwards on Thursday, as shares dropped 8.72% to R18,94 after investors traded 2,406,715 shares in 639 deals.

Falling 5.41% to R32,54 a share was Harmony Gold Mining (HAR) in the gold mining sector, after investors bought and sold 1,593,410 shares in 2332 deals today.

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