Johannesburg - The JSE closed the Friday session flat‚ having wiped off its intraday gains after negative sentiment crept back into the market.
The selloff on Wednesday and Thursday was triggered by news that monetary easing in the US might end sooner than expected or the size of the funding might be decreased.
This led to a stronger greenback and a worldwide move out of perceived riskier assets.
At 17:00 the All Share [JSE:J203] index closed flat (-0.03%) at 39 657.82 points‚ with platinums closing 0.90% firmer‚ resources 0.50% higher and gold counters up 0.46%.
At 4:48 local time international markets were stronger with London’s UK FTSE 0.59% firmer and the Dow Jones Industrial index was up 0.34%.
“Investor jitters with regards to the possibility of US monetary easing being stopped earlier than expected re-ignited in late trade on Friday‚ driving our market softer‚” said Sudheer Singh‚ market analyst at Sasfin Securities.
On the JSE‚ Anglo American (AGL) closed 1.09% higher at R263.69 and Sasol (SOL) lifted 1.40% to R388.
Platinum counter Impala Platinum (IMP) gained 1.46% to R139. Northam Platinum (NHM) added 0.98% to close at R38.22 after reporting a 29.9% decline in diluted headline earnings per share to 36.3c for the six months ended December from 51.8c a year ago.
Gold miner DRDGold (DRD) added 2.03% to close at R6.54 and Sibanye Gold (SGL) was 2.80% firmer at R13.21.
ArcelorMittal (ACL) gained 2.06% to R31.65‚ Bidvest (BVT) added 1.18% to R236.50 and AECI (AFE) gained 1.69% to R90.50.
Exxaro (EXX) gave up 0.84% to R172.53 after saying on Friday that for the year ended December headline earnings per share are expected to be between 1‚261c and 1‚443c - representing a decrease of between 31% and 40% when compared with the corresponding period in 2011.
Private schooling company Curro Holdings (COH) closed 4.56% stronger at R18 after reported headline earnings of R15m for the year ended December after a R7.4m loss the year before. This translated into headline earnings per share of 7c versus a loss of 5.4c previously.
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