JSE closes firm
10 November 2009
The JSE ended firmly in the black on Monday after receiving a good boost from resources and metal counters, with a positive opening on Wall Street contributing to the gains.
The JSE's all share index lifted 1.59 percent to close at 26 345.010 points. Resources collected 2.22 percent, while the platinum and gold mining indices climbed 1.17 percent and 0.19 percent respectively.
Banks and financials rallied 3.65 percent and 2.42 percent respectively, while industrials rose 0.48 percent.
Resources heavyweight Anglo American plc shot up 3.17 percent to 307.46 rand, while rival BHP Billiton soared 3.19 percent to 219.61 rand. Synthetics giant Sasol added 1.03 percent to 295 rand.
Among platinum miners, Anglo Platinum lifted 2.97 rand to 677.97 rand, Impala Platinum gained 1.41 percent to 173 rand, while Lonmin rocketed 4.11 percent to 202.75 rand.
Among gold counters, AngloGold Ashanti rose 89 cents to 312.90 rand, while Gold Fields edged up 88 cents to 106.90 rand, however Harmony shed 78 cents to 81.41 rand.
Among diversified miners, African Rainbow lifted 1.94 percent to 158 rand, while Exxaro advanced 1.47 percent to 87.67 rand.
Steel maker Highveld Steel jumped 2.99 percent to 63 rand, ArcelorMittal collected 2.27 percent to 106.99 rand, while Kumba Iron Ore rallied 4.13 percent to 239.49 rand.
Among industrials, SABMiller rose 1.42 rand to 206.90 rand, Barloworld lifted 2.06 percent to 50.62 rand, Remgro shot up 3.30 percent to 89.86 rand, while Imperial added advanced 2.32 percent to 79.37 rand.
Cellular giant Vodacom earlier announced that headline earnings per share declined 12.4 percent to 219 cents for the six months to end September 2009, from 250 cents earlier. Earnings per share dropped to four cents, from 248 cents previously. Vodacom declared an interim dividend of 110 cents per share. Revenue rose 9.9 percent to R28.7-billion, largely due to the inclusion of Gateway, which contributed 5.3 percent to group revenue the 16.5 percent growth in mobile customers to 41.6 million and the 30.1 percent increase in mobile data revenue to R2.031-billion. The group's share price slipped 36 cents to 52.02 rand.
Meanwhile, MTN Group dropped 1.94 percent to 113.75 rand, however fixed line operator Telkom rose 1.45 percent to 42.10 rand.
Among financial services groups, Old Mutual climbed 1.81 percent to 13.50 rand while Sanlam added 2.69 percent to 21.37 rand.
Banking giant Standard Bank soared 3.55 percent to 95.90 rand, Nedbank lifted 2.39 percent to 115.70 rand, Absa advanced 2.07 percent to 122.50 rand, while FirstRand rallied 5.08 percent to 17.18 rand.
