Loading...
See More

JSE drifts lower on consolidation

Jan 25 2013 13:27 I-Net Bridge


Related Articles

JSE dips amid consolidation

JSE hits fresh lifetime highs

Rand-hedge stocks boost JSE

Miners lead JSE firmer

JSE pares losses late‚ platinums up

Weak rand pushes JSE to record high

 
Johannesburg – The JSE eased on Friday‚ led by gold miners‚ after reaching yet another lifetime record high on Thursday.

At 12:37‚ the All Share [JSE:J203] index was down 0.40% at 40 440.69 points‚ with the Top 40 - (Tradeable) [JSE:J200] index giving up 0.44% to 35 991.14‚ while the gold index slid 2.95%.

“It is a necessary‚ temporary pullback. The All Share index has hit yet another ceiling that provides resistance to further gains‚” said Ian Cruickshanks‚ independent analyst.

The rand is looking better on the relative basis‚ providing an excuse for market players to take profits going into the weekend‚ said Ryan Wibberley‚ equity dealer at Investec Asset Management. The rand dipped below R9/$ after weakening to as much as R9.08/$ in intraday trade.

Elsewhere‚ leading European shares were mostly higher at noon‚ with UK’s FTSE 100 edging up 0.17%.

Among individual stocks on the JSE‚ Anglo American (AGL) lost 1.50% to R265.10‚ while AngloGold Ashanti (ANG) gave up 3.59% to R252.40‚ Gold Fields (GFI) shed 2% to R107.65 and Harmony Gold (HAR) sliding 3% to R64.99.

ArceloMittal SA (ACL) was down 2.45% to R34.22 but Nedbank (NED) lifted 2.25% to R195.60 while Group Five (GRF) was down 4.03% to R30.23.

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

markets; jse
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

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

New GIF keyboard on iOS for added fun!

Soon sending an LOL! or facepalm will be so much more fun!

 
 

For chic geeks...

Puppy goes crazy over iPad game
Printable solar panels will bring exciting new opportunities!
Now there’s a special lane for texting while walking
LOL! 7 brutally honest texts from parents

Money Clinic

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