Share

JSE flat‚ miners weigh on labour woes

Johannesburg – The JSE opened flat on Thursday morning‚ with retailers making gains‚ while all the mining indices were in the red due to investor concerns that the shaft closure announcement by Amplats and subsequent job losses could lead to further pressure on the industry.

Amplats miners went on strike after the restructuring news‚ but returned to work on Wednesday night‚ the National Union of Mineworkers (NUM) said on Thursday.

Globally investors are waiting for Friday morning’s Chinese fourth quarter GDP print and December’s monthly data set‚ which will provide market direction.

At 9:37‚ the All Share [JSE:J203] index was flat (-0.09%) at 39 844.71 points‚ with retailers adding 0.45%‚ while gold counters and platinums gave back 0.54% and 0.45% respectively. Resources lost 0.37%.

In the East the Nikkei 225 closed 0.48% lower and the Hong Kong Hang Seng Index was trading 0.20% softer at 9.21 local time.

International data has been relatively unexciting‚ Rand Merchant Bank said in a morning note.

“US inflation dropped to 1.7% year on year in December‚ safely below the 2% level that leads everyone to worry. Fed hawks are not impressed and continue their media blitz warning about the dangers of quantitative easing. US industrial production jumped a decent 0.3% in the month‚ which was expected‚” RMB said.

Among individual shares on the JSE‚ Anglo American (AGL) shed 1.26% to close at R266.38.

Anglo Platinum (AMS) dipped by 1.17% to R452.82 and Aquarius (AQP) slumped 4.75% to R9.83.

Anglogold Ashanti (ANG) dropped 1.34% to R257.49.

ArcelorMittal (ACL) gave back 2.70% to R36.08 and Coal of Africa (CZA) shed 6.14% to R2.75.
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
18.96
-0.1%
Rand - Pound
24.04
+0.3%
Rand - Euro
20.55
+0.2%
Rand - Aus dollar
12.34
+0.6%
Rand - Yen
0.13
+0.8%
Platinum
900.98
-0.2%
Palladium
1,000.76
-0.5%
Gold
2,155.89
-0.2%
Silver
24.95
-0.4%
Brent Crude
86.89
+1.8%
Top 40
65,751
-0.8%
All Share
71,995
-0.6%
Resource 10
53,013
-0.6%
Industrial 25
99,381
-1.1%
Financial 15
16,605
-0.1%
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