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
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
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.
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