• M2M money train

    SA's biggest mobile operators have found a new revenue stream, says Gugu Lourie.

  • Customers as experts

    Some M4Jam micro jobbers are now helping others to refine their ability to make money.

  • Sticking it to Sanral

    The time is now for citizen-centric leadership to stop the road to ruin, says Mandi Smallhorne.

Data provided by iNet BFA
Loading...
See More

JSE edges up as miners recover

Feb 19 2013 10:21 I-Net Bridge

Related Articles

Platinums hard hit as JSE weakens

Platinums provide upside on the JSE

Gold‚ platinums drag JSE down

Miners keep JSE on back foot

Miners continue to weigh on JSE

Miners push JSE to nearly two-week low

 
Johannesburg - The JSE edged higher in the opening session on Tuesday‚ helped by some recovery in the resources sector after three days of steep losses that saw the All Share [JSE:J203] index wipe off the month’s gains.

At 9:37 the All Share index was up 0.10% at 40 554.17 points‚ with the Top 40 - (Tradeable) [JSE:J200] index nudging 0.11% to 36 132.42 points. The platinum and resource indices were up 0.52% and 0.41%‚ respectively.

Banks led the downside with a 0.62% fall.

“Tentative recovery signs are in play in the mining‚ and platinum sector in particular‚ after the massive knock on Monday following the shooting incident at Anglo American Platinum‚” Newstrading trader Devin Shutte said.

“The weaker rand has cushioned the blow as the market digests the broader implications of the incident.”

Dow Jones Newwires said investors’ focus in the short term would be on the ZEW survey and a Spanish debt auction‚ both due on Tuesday. Further ahead‚ general elections in Italy this weekend are a possible risk factor.

Asian shares were mostly lower‚ with Japan’s Nikkei 225 closing 0.31% weaker.

Among individual stocks on the local exchange‚ Anglo American Platinum (AMS) recovered 0.69% to R445.99 after dropping close to 5% on Monday following the shooting incident at its Siphumelele mine in the Rustenburg area‚ which involved rivalry between unions.

Gold miner Gold Fields (GFI) was up 0.84% at R83.70.

Retailer Shoprite (SHP) was down 2.68% to R173.22 after reporting half-year profit. Fellow retailer Massmart (MSM) was down 2.47% at R184.59. 

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

jse  |  markets
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

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

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