Johannesburg - The JSE All Share [JSE:J203] index was
softer on Friday morning after reaching an all-time high on Thursday due to
risk-on trade‚ with some consolidation seen in the market today.
Global participants are awaiting US
November nonfarm payrolls and November unemployment rate prints out at 3:30pm
local time on Friday. Positive payroll numbers should lead to further risk-on
trade‚ as it would indicate that the US recovery is still on track‚ and our
local currency and bourse could benefit from this.
At 9:47am‚ the all share index was trading
0.24% softer at 38‚196.19 points‚ with the Top 40 – (Tradeable) [JSE: J200]
index giving back 0.30% to 33‚906.75 points.
The banking index dipped 0.75%‚ followed by
gold miners slipping a further 0.51% after shedding 2.12% on Thursday.
Platinums were 0.23% softer after rallying 2.43% on Thursday.
Asian markets were softer with the Japanese
Nikkei 225 closing 0.18% lower‚ while the Hong Kong Hang Seng index was flat
(-0.05%) at 9.41am local time.
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