JSE gains, boosted by Brait’s asset value

Top movers Graph of the day

FTSE/JSE Africa Index Series

STOCKS gained yesterday with Brait among the top gainers after the investment heavyweight posted a higher first-half net asset value.

The blue chip JSE Top40 index added 0.91 percent to 46 751.1 points and the broader all share index was up 0.84 percent at 51 981.65 points.

climbed 3.92 percent to R157.64 after the firm reported a 60.1 percent increase in net asset value a share thanks to big ticket acquisitions of gym chain Virgin Active and British fashion chain New Look.

Other movers on the stock exchange included telecoms operator

which fell 1.63 percent to

Brait

MTN,

R142.25 as it continues its negotiations with Nigerian regulators over a $5.2 billion (R74.7bn) fine.

climbed 4.44 percent to R142.04, the most since September 3, while rose 4.26 percent to R35.25, the most in two years. rose 2.18 percent to R100.14.

dropped 2.22 percent to end the day at R190.49.

Overall, traders took their cue from firmer overseas markets as expectations of more stimulus from the European Central Bank helped sentiment.

Trade was robust with more than 280 million shares changing hands, well above last year’s daily average of 183 million shares.

Shoprite

Super Group

BHP Billiton

Woolworths