• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

JSE pares gains‚ volumes thin

Aug 20 2012 14:38
I-Net Bridge

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 149
Change -1
% Change 0
Cumulative volume 5518175
Market cap 0

Last Updated: 29-04-2016 at 05:05. Prices are delayed by 15 minutes. Source: McGregor BFA

Lonmin plc [JSE:LON]

Last traded 41
Change 2
% Change 4
Cumulative volume 828342
Market cap 0

Last Updated: 29-04-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 50
Change 3
% Change 5
Cumulative volume 3480655
Market cap 0

Last Updated: 29-04-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

JSE stronger‚ gold and platinums down

JSE closes lower‚ banks weigh

JSE flat after good run

 
Johannesburg - The JSE came off its session highs at noon‚ with a continued sell-off in Harmony Gold Mining Company [JSE:HAR] stock weighing on the gold index after SA’s third-largest gold producer last week posted results that fell below analysts’ estimates.

Lonmin [JSE:LON] resumed its slide as the standoff at its Marikana mine weighed heavily on the share price.

The stage is set for possibly more drama today at the mine where up to 3‚000 striking workers have until close of business to abandon their wage strike and return to work.

“There remains a bullish undertone to markets for now as we continue to squeeze out small gains. However‚ accompanying volumes continue to be significantly lower‚” said Shaun Murison‚ market analyst at IG Markets SA. “Real commitment to a market move will become evident when we see strong volume accompanying direction‚ either way.

European shares were generally higher at noon‚ while their Asian counterparts were fairly mixed by the close of trade‚ in the absence of no real catalysts.

“The minutes from the last Fed meeting‚ due on Wednesday‚ will provide us with more hints of how close we are to seeing QE3 — or some other form of monetary stimulus‚” said RMB in a note. “The Greek prime minister will meet his French and German counterparts on Friday where a step closer or further away from a eurozone exit will be taken.”

At 12:45 the JSE all share index was 0.24% higher at 35 631.59 points‚ with gold miners down 1.22%.

Harmony lost R2.70‚ or 3.36%‚ to R77.66 and Lonmin shed R3.26‚ or 3.91%‚ to R80.04.

MTN Group [JSE:MTN] lifted 3.14‚ or 2.06%‚ to R155.89.

Among retailers‚ Shoprite Holdings Limited [JSE:SHP] recovered R3.15‚ or 2.05%‚ to R157.15 and Woolworths Holdings [JSE:WHL] gained R1.14 or 2.09%‚ to R55.80.

*Follow Fin24 on Twitter, Facebook and Google+.

 
market  |  jse

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...