• Power to Gordhan

    SONA 2016 has set it all up for Pravin Gordhan, it shows just how powerful he may be, says Daniel Silke.

  • Inside Labour

    The history of Valentine Day cards gives a glimpse of how technology resulted in job cuts, says Terry Bell.

  • Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

All data is delayed
Loading...
See More

Industrials lead JSE gains at noon

Apr 02 2013 14:08
I-Net Bridge
Johannesburg - The industrial stocks led the JSE gains in the first trading day of the second quarter after the all share index gained a paltry 1.56% in the last quarter‚ dominated largely by industrial and financial stocks.

At 12:47 the JSE All Share [JSE:J203] index was up 0.54% at 40 076.01 points‚ with the blue-chip Top 40 - (Tradeable) [JSE:J200] index gaining by a similar margin.

Industrial stocks lifted 0.94% but the gold index dropped 1.06%.

In the three months to March‚ industrials gained 9%‚ followed by financial stocks‚ up just over 4%. Gold stocks were the worst performers‚ down 18% with platinum counters dropping 13% in the same period.

“The JSE has underperformed other equity markets in dollar terms‚” said David Shapiro‚ market analyst at Sasfin Securities. “It is very difficult to see how the JSE is going to find momentum in this quarter relative to other markets. What worries me though is the investor interest in lower quality stocks. Can one really build a portfolio on the sustainable basis in these stocks?”

Leading European markets were generally firmer at noon‚ with London’s FTSE 100 index up 1.03%.

On the JSE‚ Anglo American (AGL) was down 1.48% to R235.80‚ Sibanye Gold (SGL) lost 2.24% to R13.09 and African Rainbow Minerals (ARI) fell 1.23% to R187.

British American Tobacco (BTI) was up 1.52% to R503.21 and Barloworld (BAW) rallied 3.29% to R98.99.

Vodacom (VOD) gained 2.14% to R112.25 and MMI Holdings (MMI) added 2.84% to R23.89.

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

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

Voting Booth

Will Jacob Zuma's State of the Nation speech help SA avoid "junk" downgrade?

Previous results · Suggest a vote

Loading...