Share

JSE flat in lacklustre trade

Johannesburg - The JSE remained flat at midday on Monday in low volume trade‚ following yet another lifetime peak on Friday.

News flow lacked the impetus to either push markets higher or reverse recent gains‚ with most Asian stock market indices shut for public holidays.

At 12:44 the All Share [JSE:J203] index was flat (0.03%) at 40 906.70 but the platinum index dropped 1.26% weighed on mostly by Impala Platinum (IMP‚ Implats) following its trading update.

“I don’t foresee any major market moves today. With no economic releases of note‚ I expect the market to bubble along‚” said David Shapiro‚ director at Sasfin Securities. 
“But fundamentally people are still moving into equities. It is not the kind of environment in which we are likely to see massive correction from current levels. If anything‚ it will be sideways movement.”

The All Share index is up just over 3% in the year to date following a 22% gain last year.

Leading European markets were marginally higher‚ with UK’s FTSE 100 gaining 0.29% at 12:00.

On the JSE‚ Implats was down 2.06% to R161.75 after the world’s second largest platinum producer said its earnings were expected to fall by more than two thirds in the six months to December‚ while smaller rival Aquarius Platinum (AQP) fell 4.90% to R9.51.

Gold Fields (GFI) was down 12.67% to R92.40 after the separate listing of its South African mining assets following the unbundling late last year.

ArcelorMittal SA (ACL) was down 4.11% to R34.06‚ while Nedbank (NED) was up 1.93% to R193.79.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.97
-0.2%
Rand - Pound
24.13
-0.1%
Rand - Euro
20.63
-0.2%
Rand - Aus dollar
12.38
+0.3%
Rand - Yen
0.13
+0.4%
Platinum
911.88
-1.3%
Palladium
1,019.74
-4.3%
Gold
2,159.99
-0.0%
Silver
25.11
+0.3%
Brent-ruolie
86.89
+1.8%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders