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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.

 

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