JSE opens firmer as Gold and Platinum Stocks recover Prices.

THE Johannesburg Stock Exchange opened firmer in early morning trade on Monday as gold and platinum shares recovered on higher commodity prices.

The gold price gained 0.31% to $1,092.76/oz and platinum was up 0.45% at $939.30 after the opening.
The all share was sold off by more than 2% on Friday on the expectation of a US rate hike in December.
Asian markets were mixed on Monday, with the Shanghai Composite index up 1.59%, while the Hang Seng lost 0.24%. The Nikkei 225 climbed 1.96%.
US markets were generally stronger on Friday on the upbeat US data. The Dow closed 0.26% higher.
At 9.29am the all share was up 0.60% at 53,280.30 points and the blue-chip top 40 had added 0.63%. The gold index was up 3.83% and platinums gained 1.09%. Industrials added 0.68% and financials were up 0.49%.

Nigerian Stock Investors in 52-week colossal loss of N2.6trn

Investors’ appetite in the Nigerian stock market remains watered by a colossal loss in excess of N2.6trillion traced over a 52-week period to June 30 2015.

BusinessDay checks at the Nigerian Stock Exchange (NSE) “fact sheet” over that period shows more of negatives across major traceable gauges like average daily transactions (volume and value of stocks traded), and value of listed equities and bonds.

 

Though the trend has shown that the Lagos bourse is well below the water this year in excess of minus 12 percent in return, investors are still hunting for bargain in value stocks driven by attractive valuation and a relatively clearer economic path for the nation.