Gold miners continue to lead gains across the JSE


Local markets

By close of day on Friday, the JSE had gained 1.25% led by gold mining shares, which rose 6.15%.

Resource shares ended 2.17% higher, while financials rose 0.89% and industrials climbed 0.87%.

Total value traded came to R 10,476,429,633, while 155,696,176 shares were exchanged today.

The rand was trading on the R10 mark at 5pm, while gold edged up 0.10% to sell at $1367.60 an ounce.

International markets

US markets were making a recovery before the weekend, offsetting losses from earlier in the week after data showed an increased number of new home builds last month.

By 5pm SA time, the Dow Jones had inched up 0.15%, the S&P 500 had lifted 0.11% and the Nasdaq had gained 0.36%.

European markets were mixed, with losses in airlines eroding gains in mining shares. The DAX had dipped 0.06%, the CAC40 had risen 0.29% and the FTSE 100 had lost 0.07%.

Share price news

In the top spot at market close was Goliath Gold Mining (GGM), whose shares climbed an almost unbelievable 95.45% to sell at R2.15 after three deals sold 8,300 shares. Witwatersrand Consolidated Gold Resources (WGR) rose to R9.50 a share after investors traded 21,095 shares in 7 deals, resulting in a 15.15% gain in share price.

Also in the gold mining sector but the biggest mover downwards, Central Rand Gold (CRD) fell 16.13% after 2,500 shares were exchanged in one deal, sending the share price sliding to R1.30 at 5pm. In second place was Poynting Holdings (POY) on the ALTX whose shares fell to R1.52 after 10 deals traded 22,200 shares, a loss in share price of 6.75%.