SOUTH African stocks recovered from their earlier losses and ended slightly higher yesterday after resources counters staged a turnaround and moved into the black.
By 5pm, the JSE all share index edged up 0,44%, with resources collecting 0,83%, platinum miners adding 2,75% and gold stocks firming 2,07%.
Banks were flat, up 0,06%, financials edged up 0,27% and industrials were flat, up 0,07%.
“We have recovered from earlier losses. Resources staged a turnaround and that gave the market some support,” a trader said. “The dollar weakened a bit and metal prices have recovered slightly on the back of that.
“Volumes were quite low, but there are foreign investors investing in our market. It’s been a quiet week and we are likely to move pretty much sideways,” he said.
Back in Johannesburg, Anglo American (AGL) was down 1c to R231,99 and BHP Billiton (BHP) weakened 63c to R196,18.
Petrochemicals group Sasol (SOL) was up R3,82, or 1,26%, to R306. Kumba Iron Ore (KIO) added R3,50, or 1,83%, to R194,50, but ArcelorMittal (ACL) gave up R2,03, or 2,14%, to R92,96.
Among gold miners, AngloGold Ashanti (ANG) rose R5,03, or 1,60%, to R319,53, Gold Fields (GFI) added R3,37, or 3,52%, to R99,12 and Harmony (HAR) firmed R1,14, or 1,31%, to R88.
Platinum miner Anglo Platinum (AMS) advanced R7, or 1,19%, to R595 and Impala Platinum (IMP) was up R6,95, or 3,86%, to R187,10.
Elsewhere on the JSE, brewer SABMiller (SAB) put on R1,26 to R169,50, Barloworld (BAW) rose R1,20, or 3,16%, to R39,20 and Imperial (IPL) collected 89c, or 1,56%, to R57,81. However, Tiger Brands (TBS) lost R1,81, or 1,26%, to R141,98 and British American Tobacco (BTI) shed R3,03, or 1,37%, to R217,97.
Among banks, Standard Bank (SBK) weakened 50c to R83,60 and all the other banks were flat. Financial group Old Mutual (OML) was up 17c, or 1,72%, to R10,05.
Sugar group Tongaat-Hulett (TON) firmed R1,50, or 1,88%, to R81,50. Caxton (CAT) collected 45c, or 4%, to R11,70, but Naspers (NPN) shed R3,89, or 1,96%, to R194,10.
Among retailers, Truworths (TRU) was off 50c, or 1,35%, to R36,45, Massmart (MSM) lost R1, or 1,19%, to R83, Shoprite (SHP) gave up 81c, or 1,42%, to R56,20 and New Clicks (NCL) declined 40c, or 2,16%, to R18,12. However, Spar (SPP) gained 85c, or 1,51%, to R57,25 and Steinhoff (SHF) was up 43c, or 3,11%, to R14,24.
Construction group Aveng (AEG) added 39c, or 1,10%, to R35,99 and Murray & Roberts (MUR) gained 80c, or 1,60%, to R50,80. Among telecommunications groups, MTN Group (MTN) rose 50c to R119,50 and Telkom (TKG) was up 32c to R35,90, but Vodacom (VOD) lost 86c, or 1,55%, to R54,64.
South African near-dated futures ended flat, up 20 points at its close yesterday tracking the Dow, according to a local trader. The near-dated Alsi contract gained 20 points, or 0,10%, to 20780. A total of 31353 contracts changed hands on Tuesday, compared with 30695 on Monday, a Safex official said. A local trader said: “We are pretty much the same as where we were at opening. It’s been a fairly uneventful day today, not much has happened. We are tracking the Dow and the dollar,” he said.
South African white maize futures ended slightly lower yesterday with a local trader citing international pressures on commodities as the main reason for the fall in prices.
The in-delivery June maize contract eased R5 to R1558, July maize weakened R5 to R1569 a ton and September maize gave up R4 to R1609 a ton. The June wheat contract lost R26 to R2650 a ton, July wheat gave up R21 to R2679 and September wheat fell R29 to R2695 a ton. I-Net Bridge
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