A rebound in Naspers and Prosus and a strong showing from Vukile Property lifted the JSE into the green, with the All Share index ending 0.28% higher on 68,898.04 points.
The tech counters tracked a comeback in Chinese tech giant Tencent, adding 2.81% and 3.15% respectively, while Vukile jumped 3.5% on optimism for a quick rebound from the damages suffered in the recent unrest in KwaZulu-Natal and Gauteng. The real estate company said last week the estimated cost of repairs to the damaged properties is expected to be less than 2% of the value of its South African retail portfolio.
Textainer, one of the world’s largest lessors of intermodal containers gained 1.91% ahead of its quarterly results tomorrow, while logistics peer KAP gained 3.46%.
Among the losers were retailers Pick n Pay (-3.12%) and Tiger Brands (-1.90%), and medical technology company Motus (-3.88%).
Telkom (+0.84%) outperformed its telco peers MTN (-1.19%) and Vodacom (-2.79%) after announcing the appointment of telecoms veteran and insider Serame Taukobong as group Chief Executive Officer designate with effect from October 1.
On the currency front, the rand touched R14.22 against the dollar in intra-day trade, but the unit lost more than it gained during the afternoon to last trade at R14.39/$. The currency is, however, back at the same levels it traded before the July unrest and is still by far the strongest emerging market currency over the past week, comments TreasuryONE.
Commodities put in a mixed performance, with platinum and copper giving up nearly 1%, palladium gaining 0.5% and gold continuing to trade above $1,800 an ounce. Brent Crude continued its slide, losing 1.5% to last trade just above $71.20 a barrel.
Indicators as at 17:00
Currencies
USDZAR 14.3671
EURUSD 1.1844
EURZAR 17.0113
GBPUSD 1.3909
GBPZAR 19.9772
AUDZAR 10.6012
CADZAR 11.4554
CNYZAR 2.2213
ZARJPY 7.6224
CHFZAR 15.8460
USDAOA 639.53
Equities and bonds
R186 7.35%
US 10 Year 1.21%
JSE 0.22%
FTSE 0.28%
S&P 500 -0.36%
Commodities
Gold $1 810.36
Plat $1 039.04
Plad $2 658.91
Rhod $18 990.00
Irid $5 390.00
Ruth $748.00
Copp $9 503.00
Brent $71.28
Iron Ore 62.5% $181.01
Coal API4 $131.00
Gold ZAR R26 001.84
Plat ZAR R14 923.52
Plat ZAR R14 986.15
Indicators brought to you by TreasuryONE
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