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Johannesburg - The JSE Ltd [JSE:JSE] share market pared its losses to finish only slightly weaker on Tuesday‚ boosted late by the positive open on Wall Street.
Platinum shares were the worst performers on the day‚ losing close to 3% due to labour-related disputes in the industry.
Banks and financials bucked the trend‚ boosted by FirstRand’s strong full year profit.
At 17:00‚ the JSE all-share index was down 0.22% to 35 446.66 points‚ with the platinum index dropping 2.69%‚ while banks lifted 0.37%.
“The relief rally we saw in the resources sector since late last week faded today due to some profit taking.” said Sudheer Singh‚ market analyst at Sasfin Securities.
The international event risks for global stock markets remain the German Constitutional Court decision on the legality of the European Stability Mechanism‚ due out on Wednesday‚ and the US Federal Reserve policy meeting on Thursday.
Among individual shares‚ Anglo American [JSE:AGL] shed 2.21% to R255.35‚ Impala Platinum Holdings [JSE:IMP] was off 3.68% to 140.20‚ Northam Platinum [JSE:NHM] dropped 7.67% to R30.93 and Harmony Gold Mining Company [JSE:HAR] eased 1.42% to R70.57; but Assore [JSE:ASR] lifted 3.46% to R310.
Among industrials‚ Richemont [JSE:CFR] was down 4.62% to R52.81.
In banks and financial services‚ FirstRand [JSE:FSR] gained 1.10% to R27.55‚ and African Bank Investments [JSE:ABL] shed 3.42% to R31.92.
In construction counters‚ Group Five [JSE:GBF] was down 2.57% to R26.55 and Pretoria Portland Cement [JSE:PPC] was off 2.05% to R27.17.
At 17:45 local time‚ the Dow Jones index was up 0.75%.
Platinum shares were the worst performers on the day‚ losing close to 3% due to labour-related disputes in the industry.
Banks and financials bucked the trend‚ boosted by FirstRand’s strong full year profit.
At 17:00‚ the JSE all-share index was down 0.22% to 35 446.66 points‚ with the platinum index dropping 2.69%‚ while banks lifted 0.37%.
“The relief rally we saw in the resources sector since late last week faded today due to some profit taking.” said Sudheer Singh‚ market analyst at Sasfin Securities.
The international event risks for global stock markets remain the German Constitutional Court decision on the legality of the European Stability Mechanism‚ due out on Wednesday‚ and the US Federal Reserve policy meeting on Thursday.
Among individual shares‚ Anglo American [JSE:AGL] shed 2.21% to R255.35‚ Impala Platinum Holdings [JSE:IMP] was off 3.68% to 140.20‚ Northam Platinum [JSE:NHM] dropped 7.67% to R30.93 and Harmony Gold Mining Company [JSE:HAR] eased 1.42% to R70.57; but Assore [JSE:ASR] lifted 3.46% to R310.
Among industrials‚ Richemont [JSE:CFR] was down 4.62% to R52.81.
In banks and financial services‚ FirstRand [JSE:FSR] gained 1.10% to R27.55‚ and African Bank Investments [JSE:ABL] shed 3.42% to R31.92.
In construction counters‚ Group Five [JSE:GBF] was down 2.57% to R26.55 and Pretoria Portland Cement [JSE:PPC] was off 2.05% to R27.17.
At 17:45 local time‚ the Dow Jones index was up 0.75%.
