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JSE flat on market consolidation

Jan 03 2013 13:13 I-Net Bridge


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Johannesburg - The JSE was flat at noon on Thursday as the market experienced some consolidation after reaching a record high on Wednesday.

“We are seeing some consolidation in the local market after the highs from yesterday caused by the aversion of the fiscal cliff in the US‚” said Ockert van Niekerk‚ head of trading at PSG.

At 12:11‚ the All Share [JSE:J203] index was 0.04% lower at 40 046.16 points. Gold miners lost 1.21% and the resources index shed 1.11%.

“We are still experiencing very thin volumes so we could see some erratic movements in the JSE‚” Van Niekerk said.

On the JSE‚ Anglo American [JSE:AHL] lost 1.04% to R274.53‚ BHP Billiton [JSE:BIL]  shed 1.61% to R302.55‚ ArcelorMittal SA [JSE:ACL] gave up 1.38% to R37.97‚ while Aquarius Platinum [JSE:AQP] leapt 10.12% to R9.03.

Richemont [JSE:RCH] gained 2.59% to R69.66‚ Vodacom [JSE:VOD] added 1.15% to R127.65 and Woolworths Holdings [JSE:WHL] grew 2.45% to R71.87.

Sappi [JSE:SAP] added 1.90% to R32.20‚ Mondi PLC (MNP) grew 1.52% to R95.75 and Imperial (IPL) was 1.45% stronger at R203.92.


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