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JSE flat after record high

Jan 03 2013 09:41 I-Net Bridge


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Johannesburg – The JSE was flat on Thursday morning after hitting a record high on Wednesday in the wake of a US deal to avert the fiscal cliff. 

“The (avoidance) of the fiscal cliff has been very good for all emerging markets‚ it has increased investors’ risk appetite‚” Vunani Private Clients global market analyst Kuziva Muganiwa said. 

At 9:05am‚ the All Share [JSE:J203] index was just 0.16% lower at 39‚9996.59 points. Leading the declines‚ gold miners lost 0.51%‚ followed by a 0.38% drop in the resources index.


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