Loading...
See More

JSE dips amid consolidation

Jan 25 2013 11:21 I-Net Bridge


Related Articles

JSE hits fresh lifetime highs

Rand-hedge stocks boost JSE

Miners lead JSE firmer

JSE pares losses late‚ platinums up

JSE softer on consolidation

Weak rand pushes JSE to record high

 

Johannesburg – The JSE opened in negative territory on Friday with platinum stocks showing some upside‚ while gold miners were the main laggards‚ amidst some consolidation in the market after a strong day on Thursday.

At 9:19am‚ the All Share [JSE:J203] index was down 0.12% to 40‚557.56 points‚ with the platinum sector adding 0.4% and gold miners dropping 1.9%.

In Asia the Nikkei 225 closed 2.88% stronger‚ while Hong Kong’s Hang Seng index dipped 0.21%.

“Gold has pulled back in the US last night and that is why our gold miners are down today. We are seeing some profit taking this morning‚ a bit of a pull-back in the market‚ after dual-listed shares such as South African Breweries and Richemont showed good gains yesterday as they are rand hedge stocks and the rand dipped below R9 yesterday‚” said Francois Venter‚ trader at Investec Asset Management in Cape Town.  

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

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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