JSE Equity Market achieves new trading record

The Johannesburg Stock Exchange continues to beat its record highs after recording 1, 025 million trades on the Equity Market this Tuesday. The new record is well above the previous all-time high of 1,018 million shares, which was last recorded in July 1999 on the listing day of Old Mutual Plc.

Director of the JSE’s Equity Market, Leanne Parsons comments, “This is an encouraging milestone for the JSE as it reinforces our value proposition as an enabler of capital markets. In comparison to the corresponding period in 2014, the daily average volume traded on the JSE has increased 15% to 281 million shares, further illustrating the growth in market sentiment led by resource stocks.”

The mining, life insurance and property sector contributed to this record breaking performance.

• Mining traded 746 million shares. Merafe Resources Ltd was the traded 725 million shares on the JSE on Tuesday and followed this with an announcement advising its shareholders that Royal Bafokeng Resources Holdings (Pty) Ltd (Royal Bafokeng) had notified the company that it has disposed of its entire 28.68% interest in the shares of the company to Glencore ( Nederland) B.V
• Life Insurance traded 31 million shares, with Old Mutual plc taking the lead at 21 million shares.
• REITs traded 25 million shares, with SA Corp Real Estate Fund leading the charge at 19 million shares.