Fin24

JSE ends softer on profit taking

2012-07-20 18:15

Johannesburg - SA’s benchmark stock index‚ the JSE All Share [JSE:J203] Index‚ shed 0.19% on Friday to close at 34 225.42 points on the back of profit taking after a couple of good trading days‚ and also due to the eurozone crisis weighing on the market at the end of the day.

The market was buoyed by gold mining counters‚ which gained 2.25%‚ while resources shed 0.19%‚ platinums lost 1.89% and banks weakened 0.94%.

“The market lost a bit on profit taking and negative international sentiment‚ while gold miners benefited from some risk aversion; gold usually perform well in uncertain times‚ as gold stocks are perceived as a safe-haven‚” said Hennie Fourie‚ stockbroker at PSG Konsult.