The JSE ended the week modestly in the red, dragged down by losses in heavyweight industrials in a volatile trading week.
Investment holding firm Renergen, which holds the only onshore gas rights in South Africa, was among the biggest winners, adding 9.02%, while tech play Datatec gained 3.96% and private hospital group Mediclinic, which is 45% owned by Remgro, added 2.59%.
Real estate counters MAS jumped 3.12% and Sirius surged 4.78% ahead of its dividend pay-out on 19 August.
Gold stocks Harmony (+2.71%) and Gold Fields (+3.40%) tracked the higher gold price, last trading up 1.2% on the day at $1,773. Both platinum and palladium also saw good gains of 0.6% and 1.3% respectively.
Massmart was the biggest loser (-9.14%), with Karoooo (-4.28%), Telkom (-2.82%), Prosus (-2.50%), Naspers (-1.02%), and Montauk (-2.22%) following suit.
Anglo American and Exxaro both lost 0.50%.
In the currency market, the rand had a see-saw day, opening close to R14.90 to the US dollar, but a slide in the greenback saw the rand pull back to last trade at R14.70/$. The local unit, however, remains 1.5% weaker against the dollar since the start of the month.
Amid continued US inflation scrutiny and markets debating whether interest rates will rise quicker than expected, the upcoming Jackson Hole Symposium could be the next catalyst for further dollar strength or the opposite, comments TreasuryONE.
Indicators as at 17:00
Currencies
USDZAR 14.7212
EURUSD 1.1792
EURZAR 17.3541
GBPUSD 1.3853
GBPZAR 20.3872
AUDZAR 10.8507
CADZAR 11.7640
CNYZAR 2.2716
ZARJPY 7.4610
CHFZAR 16.0629
USDAOA 638.71
Equities and bonds
R186 7.39%
US 10 Year 1.31%
JSE -0.05%
FTSE 0.29%
S&P 500 0.03%
Commodities
Gold $1 772.51
Plat $1 025.80
Plad $2 649.77
Rhod $18 990.00
Irid $5 290.00
Ruth $748.00
Copp $9 429.70
Brent $71.11
Iron Ore 62.5% $167.94
Coal API4 $131.00
Gold ZAR R26 085.68
Plat ZAR R15 096.49
Indicators brought to you by TreasuryONE
