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Gold, platinum counters weigh on JSE

Johannesburg - The gold and platinum indices were down 0.29% at 1 368 points and 0.13% at 1 482 points respectively by lunchtime trade on Friday, dragging the all share index down 0.28% at 42 676 points

The Top 40 index was down 0.29% at 38 290 points.

In the currency markets the rand strengthened slightly against the dollar (R10.19), pound (R15.87) and euro (R13.36).

Among individual shares Capitec Bank surprised investors with a trade update showing that it's first half profits likely rose by up to 22%. By 13:53 the share added 4.9% to trade at R194.40.

Capitec said a reasonable degree of certainty exists that earnings per share and headline earnings per share for the half year ended August 31 2013 will exceed the comparable earnings for the previous corresponding period by between 18% and 22%.

Life Health Care Group, up 2.30% at R35.80 and Oceana Group up 2.08% at R87.80, were also among the biggest winners, while Rcl Foods (-2.72% at R16.10), Lonmin (-2.54% at R52.94) and African Rainbow Minerals (-2.30% at R194.65) gave up gains.

Worries about the strike by mine workers seemed to have been moderated on news of deals with some gold producers.

- Fin24

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Rand - Dollar
19.01
+1.0%
Rand - Pound
23.79
+0.7%
Rand - Euro
20.40
+0.8%
Rand - Aus dollar
12.40
+0.7%
Rand - Yen
0.12
+1.2%
Platinum
925.50
+1.5%
Palladium
989.00
-1.6%
Gold
2,332.33
+0.7%
Silver
27.40
+0.9%
Brent Crude
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.7%
Industrial 25
102,531
-1.5%
Financial 15
15,802
-0.2%
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