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Johannesburg - The JSE was in negative territory by lunchtime, with the All Share Index losing 1.06% at 42 439 points and the Top 40-index giving up 1.09% at 38 094.
The rand firmed slightly against the dollar in early Wednesday trade, after striking gold miners offered an olive branch to set deadlocked wage negotiations with mining companies back on track.
While the rand was up 0.39% against the dollar at R10.22 and up 0.43% against the euro at R13.48, it was down 0.3% against the pound at R15.96.
The financial index was down 1.19% at 11 408 points after Discovery released disappointing results. By lunchtime, Discovery [JSE:DSY] was the biggest loser with its share price down 2.95% at R84.43.
Sappi [JSE:SAP] also weighed with its share price down 2.90% at R24.08.
The biggest winner on the JSE was Wilson Bayly Holmes-ovcon [JSE:WBO] with its share price up 2.36% at R158.21.
Despite the gold mining strike Sibanye Gold's [JSE:SGL] gained 2.03% at R10.56 and Harmony Gold [JSE:HAR] 1.63% at R38.66.
On global markets gold clung to gains made in the previous session on sporadic safe-haven buying as US President Barack Obama won support from key Congressmen for a limited strike against Syria.
- Fin24
The rand firmed slightly against the dollar in early Wednesday trade, after striking gold miners offered an olive branch to set deadlocked wage negotiations with mining companies back on track.
While the rand was up 0.39% against the dollar at R10.22 and up 0.43% against the euro at R13.48, it was down 0.3% against the pound at R15.96.
The financial index was down 1.19% at 11 408 points after Discovery released disappointing results. By lunchtime, Discovery [JSE:DSY] was the biggest loser with its share price down 2.95% at R84.43.
Sappi [JSE:SAP] also weighed with its share price down 2.90% at R24.08.
The biggest winner on the JSE was Wilson Bayly Holmes-ovcon [JSE:WBO] with its share price up 2.36% at R158.21.
Despite the gold mining strike Sibanye Gold's [JSE:SGL] gained 2.03% at R10.56 and Harmony Gold [JSE:HAR] 1.63% at R38.66.
On global markets gold clung to gains made in the previous session on sporadic safe-haven buying as US President Barack Obama won support from key Congressmen for a limited strike against Syria.
- Fin24
