All data is delayed
See More

JSE down on continued consolidation

Jan 04 2013 13:46
I-Net Bridge

Johannesburg – The JSE weakened at noon on Friday as it continued to consolidate after hitting record highs on Wednesday and Thursday. 

“The markets are still experiencing some post-Christmas trade. We started the year on a high and we have hit a record high in both of the sessions so far this year‚” said Ockert van Niekerk‚ head of trading at PSG.

At 12:02pm‚ the All Share [JSE:J203] index was 0.12% lower at 40‚196.49 points as gold miners lost 2.45% in value. 

“The markets is still settling into the post-fiscal-cliff era as the euphoria from averting it has started to wear off‚ as traders are looking for a more permanent deal in the US‚” Van Niekerk said.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

jse  |  markets



Read Fin24’s Comments Policy 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

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote