Company Data
| Last traded |
R29,189.72 |
| Change |
R115.53 |
| % Change |
0.40% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
| Last traded |
R33,104.06 |
| Change |
R111.81 |
| % Change |
0.34% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
| Last traded |
R449.91 |
| Change |
R-7.37 |
| % Change |
-1.61% |
| Cumulative volume |
603,466 |
| Market cap |
R185.23bn |
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Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - South African stocks dipped 0.2
percent on Tuesday, as investors sold telecom MTN Group and retailers on
concerns a recent advance was overdone, shifting into media firm
Naspers [JSE:NPN] and
other battered shares.
Equities in Africa’s top economy are on track to end a volatile
year flat, hampered by concerns about the euro zone debt crisis and a hard
landing in China.
That performance is still better than stocks in other major
emerging markets. In local currency terms, South Africa has outperformed its
peers in the so-called “BRICS” emerging market powers that include Brazil,
Russia, India and China.
In dollar terms, only China has outperformed South Africa this
year.
“There was some heavy selling coming into our market, particularly
in the telecoms sector. It looked like there could be some switch out of those
(shares),” said Devin Shutte, a trader at brokerage Newstrading.
“We finally saw Naspers finding a few buyers, so there might have
been a switch happening there.”
The benchmark
Top 40 - (Tradeable) [JSE:J200] index edged down 0.22% to 28 710.99.
The index is little changed on the year in rand terms and down nearly 20 percent
in dollar terms, reflecting the sharp sell-off in the currency.
MTN, Africa’s largest telecom operator, slid 1.8 percent to 140.50
rand, after rising 5 percent in the last month. With a price-earnings ratio of
17, MTN is among the 10 most expensive shares in the Top-40 index.
Retailers, among the best performers in Johannesburg this year,
were also hit by selling.
Woolworths, which sells clothing and high-end food similar to that
of Britian’s Marks and Spencer Group Plc , fell 0.7 percent to 39.60 rand. The
company has risen 48 percent so far this year, making it the best performer on
the Top-40.
Emerging-markets media and e-commerce firm Naspers rose 2.1 percent
to 342.47 rand, after sliding 9 percent in the last four weeks.
Volume was thin, with preliminary exchange data showing that 186
million shares changed hands, below the 200-day moving day average of 251
million shares.