• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Banks push JSE to record close

Jan 28 2013 19:07 I-Net Bridge


Related Articles

JSE slips from intraday record high

JSE All Share hits fresh high

JSE ends weaker on rand strength

JSE drifts lower on consolidation

JSE dips amid consolidation

JSE softer as miners weigh

 
Johannesburg – The JSE closed at a record high on Monday‚ despite some profit taking in some sectors during the day.

The bourse was bolstered by renewed optimism in US markets‚ which in turn put some pressure on the gold sector.

Locally banking and financial counters made gains while gold miners were the main laggards due to continued labour woes in the sector and the US market sentiment.

At 17:00‚ the All Share [JSE:J203] index closed 0.20% higher 40 618.32 points‚ with the Top 40 - (Tradeable) [JSE:J200] adding 0.26% to 36 157.58 points‚ while the gold index gave back 0.98%.

Elsewhere, European bourses inched higher with the London FTSE 100 improving 0.35% by 17:00. The Dow opened the week modestly higher after construction and mining-equipment maker Caterpillar reported fourth-quarter earnings and revenue that exceeded analyst estimates.

A US report on orders for long-lasting consumer goods also came in better than forecast‚ Dow Jones Newswires reported. At 17:48 local time the Dow Jones Industrial Average had dipped 0.11% to 13 910 points. The Dow notched a sixth-straight gain on Friday‚ ending with its highest closing level since October 31 2007.

“We saw some renewed buying into banks‚ while rand hedge stocks continued to benefit from a weaker rand‚” a local trader said.

On the JSE‚ Northam Platinum (NHM) lost 1.37% to R36 and Aquarius Platinum (AQP) gave up 1.54% to R9.60.

Gold miner Harmony (HAR) shed 3.42% to R62.05 and Anglogold Ashanti (ANG) dipped 1.32% to R248.09.

Rand hedges SABMiller (SAB) added 1.46% to R438.30‚ British American Tobacco (BTI) lifted 1.07% to R463.89 and Compagnie Richemont (CFR) was 0.98% higher at R75.39

Standard Bank (SBK) was up 1.31% at R118.75‚ Old Mutual PLC (OML) gained 1.08% to R27.02 and Santam (SNT) added 2.41% at R185.87.

Group Five (GRF) closed unchanged at R31.50 after it said on Monday it anticipated fully diluted headline earnings per share in the six months ended December to be between 10%-20% higher from the same period a year earlier. Aveng (AEG) gained 2.36% to R29.95.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

jse  |  markets
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

SAPS waited too long to complain about ad - DA

The DA has told a public hearing that the SA Police Service was "hopelessly out of time" to lodge a complaint against its election advert.

 
 

Latest elections multimedia

13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...