JSE manages gains after a lukewarm trading session

The JSE traded mostly flat on Friday as it struggled to gain significant momentum following a tough trading session in Asia.

The Nikkei fell 1.13% while the Hang Seng and Shanghai Composite Index lost 1.87% and 1.86% respectively.

European equities bared no brunt from the Asian trading session as all the major bourses advanced on the back of progress in the US-China trade talks.

JSE winners and losers 15 February 2019.

On the JSE, EOH Holdings [JSE:EOH] was one of the day’s biggest gainers after the stock rallied 15.23% to close at R19.60.

The stock has come under significant pressure this week after the news of Microsoft terminating a contract with one of its subsidiaries earlier this week.

Blue Label Telecoms [JSE:BLU] advanced 8.14% to close at R4.65, while Curro Holdings [JSE:COH] managed to firm by 3.11% to end the day at R26.50.

Retailers advanced on the back of minor strength in the rand which saw stocks such as Massmart [JSE:MSM] gain 2.03% to close at R91.32, while Shoprite [JSE:SHP] added 2.26% to close at R161.34.

Anglo American Platinum [JSE:AMS] firmed by 4.65% to close at R690.91, while BHP Group [JSE:BHP] climbed 1.08% to close at R324.27.

Discovery [JSE:DSY] closed weaker following the release of its trading update which highlighted a decrease in earnings due to expenditure on the launch of their bank. The stock closed the day 1.57% lower at R142.72.

Gold Fields [JSE:GFI] released its full-year results which flagged a decrease in cash flow from operating activities and a bigger loss per share.

The stock ended the day down 0.17% at R52.48. Harmony Gold [JSE:HAR] dropped 2.97% to close at R27.49, while Sibanye Stillwater [JSE:SGL] lost 2.66% to close at R14.26.

The JSE All-Share index eventually closed 0.24% firmer, while the JSE Top-40 index gained 0.2%. The Resources index rallied 1.12%, while the Industrials index was unchanged. The Financials index closed 0.16% weaker.

The rand firmed marginally against the US dollar as it peaked at a session high of R14.04/$. At 17:00, the rand was trading 0.07% firmer at R14.11/$.

Brent crude surged to a session high of $65.84/barrel before it retraced to trade 1.72% firmer at $65.68/barrel just after the JSE close.

At 17:00, Gold was up 0.32% at $1316.74/oz, Platinum had gained 0.6% to trade at $792.64/oz, and Palladium was up 1.06% at $1433.60/oz.

Bitcoin was flat to trade at $3659.50/coin, and Ethereum was up 0.27% at $123.71/coin.
ZAR/USD
16.81
(-0.26)
ZAR/GBP
21.34
(-0.12)
ZAR/EUR
19.02
(-0.13)
ZAR/AUD
11.73
(-0.21)
ZAR/JPY
0.15
(+0.60)
Gold
1681.70
(+0.13)
Silver
17.39
(+0.17)
Platinum
815.55
(+0.35)
Brent Crude
41.90
(+5.78)
Palladium
1949.00
(+0.59)
All Share
54722.38
(+2.85)
Top 40
50199.80
(+2.79)
Financial 15
11467.53
(+4.66)
Industrial 25
74264.52
(+2.52)
Resource 10
49969.31
(+2.29)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
19% - 210 votes
I am taking a hit, but should be able to recover in the next year
26% - 279 votes
My finances have been devastated
29% - 316 votes
It's still too early to know what the full effect will be
26% - 276 votes
Vote