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JSE pares losses late‚ platinums up

Jan 22 2013 18:29 I-Net Bridge


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Johannesburg – The JSE closed in the red on Tuesday‚ taking a breather after quite a strong month. It did‚ however regain much of the day’s losses in late trade. Only the platinum index made gains‚ while banks were the biggest losers.

At 17:00‚ the All Share [JSE:J203] index closed 0.19% lower at 39 9912.45 points‚ with the Top 40 - (Tradeable) [JSE:J200] index shedding 0.22% to 35 487.52 points‚ while platinums added 0.36% and banks shed 0.40%.

“Markets are taking a breather after a few good weeks. Our banks and retailers were down today and that is all related to the pressure that consumers are under‚” a local trader said.

“Investors are not sure where the market is heading with the fiscal cliff decision having been postponed from the end of December to the end of February. This was only a delay and the issue will again coming under the radar‚” he added.

At 16:52 London’s FTSE 100 was flat (0.06%)‚ as was the Dow Jones Industrial index (0.04%).



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jse  |  markets
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