Stocks gain after subdued start to week

Top movers Graph of the day

FTSE/JSE Africa Index Series

SHARES recovered yesterday after starting the week on a downbeat note tracking major overseas markets on growing concerns about a China-led global economic slowdown.

The blue chip JSE Top40 index ended 1.67 percent higher at 43 699.53 points and the broader all share index gained 1.47 percent to 49 228.77 points.

“It’s all about sentiment at the moment,” said Bruno van Eck, a trader at Thebe Stockbroking.

“We’re seeing quite a lot of money coming out of China being invested in other emerging markets like ourselves.”

The benchmark Top40 index rose as industrial metal prices such as copper, bourse and mining heavyweight

rallied 2.24 percent to R219.24 as rival climbed 1.59 percent to R141.45.

Gold miners dominated the decliners’ list, with skidding 7.22 percent to R37.26 as the price of bullion eased. slumped 6.1 percent to R25.85, extending it’s record low. declined 3.33 percent to R29.

surged 7.84 percent R2.20. Other gainers included

up 4.92 percent to R13.64, which gained 3.76 percent to R301.95, the most since May 13 and

which climbed 4.69 percent to R50.25, the most since March 30.

BHP Billiton

DRDGold

Oxygen, Mondi,

Mpact,

Anglo

American

Gold Fields

Glencore

Howden Africa

to

African