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JSE extends losses on global stocks

Nov 09 2012 13:41

Company Data

AVENG LIMITED [JSE:AEG]

Last traded 6
Change 0
% Change -2
Cumulative volume 395580
Market cap 0

Last Updated: 28-07-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Lonmin plc [JSE:LON]

Last traded 11
Change 1
% Change 5
Cumulative volume 1703251
Market cap 0

Last Updated: 28-07-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

COMPAGNIE FINANCIERE RICHEMONT SA [JSE:CFR]

Last traded 105
Change 1
% Change 1
Cumulative volume 3886309
Market cap 0

Last Updated: 28-07-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Aveng feels building slump

World stocks sag on US fiscal fears

 
Johannesburg - The JSE extended losses at noon‚ taking its cue from weaker global peers amid persistent investor worries about the outlook on the US economy.

At 12:43‚ the JSE all share index was down 0.68% to 37 336.13‚ with the top-40 index losing 0.79%. The platinum sector was the worst performer‚ dropping 2.55%‚ dragged down mainly by Lonmin [JSE:LON] following the release of its year-end results.

Mark Wilkes‚ trader at GT247.com‚ said: “The mark down in some of the large cap shares locally look decent as we continue to watch offshore developments‚ particularly the US. Their benchmark indices sit on key support levels after selling down over the past two days.”

Major European shares were in the red at noon‚ with London’s FTSE 100 giving up 0.30%.

Among local counters‚ Lonmin fell 4.69% to R61.21 after logging $702m operating loss in the year to September. The counter is down 15% since the start of this month.

Rival Impala [JSE:IMP] shed 2.66% to R149.91.

Industrial share Richemont [JSE:RCH] was down 1.77% to R58.32‚ while banking group Standard Bank [JSE:SBK] lost 2.10% to R108.68.

Financial services group Old Mutual [JSE:OML] dropped 2.24% to R23.12 and construction counter Aveng [JSE:AEG] was down 3.31% at R28.93.

equities  |  jse  |  markets

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