Why the JSE closed 0.57 Percent in Positive Territory yesterday

By Vivian Atud

What: The JSE closed +0.57 percent in positive territory yesterday after trading in positive territory for most of the day. The total volume traded was 14.7 billion rands.

Why: With improved oil prices, the JSE was pulled up by mostly resources shares. Top winners of the day included: Growth point (JSE Code: GRT) up 3.0 percent, Naspers (JSE Code: NPN) up 2.9 percent, Shoprite (JSE Code: SHP) up 2.4 percent, Medi Clinic (JSE Code: MDC) up 1.9 percent and SAB (JSE Code: SAB) up 1.9 percent. Top losers of the day included Anglo gold (JSE Code: ANG) down 3.0 percent, Anglo (JSE Code: AGL) down 2.8 percent, BHP Billiton (JSE Code: BIL) down 1.4 percent, Sanlam (JSE Code: SLM) down 0.9 percent and Vodacom (JSE Code: VOD) down 0.8 percent.  Asian and European markets closed mixed as investors continue to watch Greece and waiting to hear indications on interest rates hikes from the US in the coming days.

So What: Investors would trade cautiously on the JSE today as expectations about the budget speech to be delivered by the finance minister on Wednesday rise. In early morning trade today, Asian stocks are trading cautiously in positive territory and Australian bonds edge high as they track the US treasuries. Key statistics to be released locally this week include: Gross Domestic Product (GDP), 4th Quarter 2014, Domestic tourism survey (DTS), 2013, Export and import unit value indices, December, 2014, and Producer Price Index (PPI), January 2015. Investors will continue to watch these figures.

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