• FULL mini budget speech

    Read the full mini budget speech delivered by Finance Minister Pravin Gordhan.

  • #FeesMustFall reporting

    What are the real issues and whose voices are being suppressed by social media, asks Solly Moeng.

  • Matchmaker businesses

    Multisided platforms can create huge value for society and fortunes for entrepreneurs, says Ian Mann.

All data is delayed
See More

Industrials prop up JSE

Nov 12 2012 14:32
I-Net Bridge
Johannesburg - The JSE traded within a narrow range at noon‚ with industrial shares such as Richemont‚ Naspers‚ and Vodacom keeping the market in the black.

At 12:32‚ the JSE All Share [JSE:J203] index was up 0.26% to 37 442.33 points‚ with the Top 40 - (Tradeable) [JSE:J200] index adding 0.32% to 33 227.68. The industrial index lifted 0.86% but platinum stocks gave up 1.27%.

“There is no real sense of direction for our markets. Investor sentiment across Asia and Europe also looks fragile due to worries about the debt-funded US economy‚ which we think is unsustainable‚” said Jean Hamann‚ portfolio manager at Körner Perspective.

Leading European stocks were mixed at noon‚ with London’s FTSE 100 gaining 0.15%.

Among individual shares on the JSE‚ Richemont was up 3.73% to R60.60 and Naspers gained 1.94% to R555.04.

Vodacom jumped to 3.52% to 114.80‚ a new all-time high after the mobile service operator reported a rise in diluted headline earnings per share in the six months ended September to 394.6 cents‚ from 322.2 cents a year ago.

Aquarius Platinum was down 2.07% to R5.69 and Harmony Gold Mining lost 2.57% to R72.15.
jse  |  markets  |  stocks



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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote