Local markets

The JSE All Share had gained 1.06% by close of day on Monday with gold mining shares up 4% leading the local bourse higher.

The rand was trading at R10.74 to the US dollar and R17.54 to the British pound, weakening fractionally.

Gold had fallen 0.02% to $1247.70 an ounce, after reaching its highest level in about a month following a weaker employment report from the US.

International markets

The Nikkei was closed today in Japan, but China’s Shanghai index dipped 0.18% this morning after losses in technology and consumer goods shares. The Hang Seng in Hong Kong ended 0.19% higher.

European markets were higher at 5pm SA time, after a planned debt limit for banks was reduced after worries that it would punish low-risk financial activities and limit lending. The DAX was up 0.21%, the CAC40 had gained 0.22% and the FTSE 100 had risen 0.24%.

US markets were relatively unchanged, with the Dow Jones up 0.05%, the S&P 500 edging up 0.01% and the Nasdaq rising 0.04% after investors contemplated possible corporate earnings growth this season.

Share price news

The top gainer on Monday was WG Wearne (WEA), whose shares soared 27.27% to R0.14 a share after 5,000 shares were traded in 1 deal. Sekunjalo Investments (SKJ) rose 25% to become runner up after investors exchanged 23,407 shares in 3 deals, boosting the share price to R0.45.

Falling 12.71% to R2.06 a share was Randgold & Exploration Company (RNG) ,becoming the top loser today after 2 deals saw the sale of 4,300 shares. In second place, South African Coal Mining Holdings (SAH) slid 9.64% after investors traded 13,854 shares in 2 deals, sending the share price down to R0.75.