Data provided by iNet BFA
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 225.02
Change 2.02
% Change 0.01
Cumulative volume 1900985
Market cap 416.26bn

Last Updated: 29/07/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Lonmin plc [JSE:LON]

Last traded 43.14
Change -0.03
% Change 0.00
Cumulative volume 324656
Market cap 24.53bn

Last Updated: 29/07/2014 at 04:24. Prices are delayed by 15 minutes. Source: McGregor BFA

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 34.15
Change 0.17
% Change 0.00
Cumulative volume 301910
Market cap 14.88bn

Last Updated: 29/07/2014 at 04:27. 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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No more nice-to-have shopping sprees

Fin24 user Asia writes how she managed to rehabilitate herself from splurging on feel-good items and keep clean from the bondage of lifestyle debt.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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