Loading...
See More

JSE pares losses‚ tracks Dow

Oct 12 2012 18:57 I-Net Bridge

Related Articles

JSE weaker on global stocks

Rand cheers transport strike resolution

Asian markets up on US jobs data

Oil prices extend gains

US stocks end flat as rally fizzles out

Bonds firmer despite poor auction

 
Johannesburg - The SA share market pared losses in late trade on Friday‚ tracking a positive open on Wall Street‚ which was inspired by a set of upbeat US economic data.

At 17:00‚ the JSE all-share index ended 0.16% lower at 36 440.05 points‚ with the top-40 index slipping 0.24% at 32 276.07.

A preliminary reading of the Thomson Reuters/University of Michigan consumer sentiment index for October registered at 83.1‚ the highest level since September 2007 and well above expectations for a slight decline to 78‚ from 78.3 in September.

"With all things being equal‚ our market is holding quite well above the 36 000 level on the all-share index.

"However‚ it is not an investment friendly environment right now. There is the potential threat of further foreign sales‚ rather than purchases‚ of SA assets‚" said Ian Cruickshanks‚ independent financial markets analyst.

"Labour unions have discovered their strength and are using it to push for salary increases. Both manufacturing and mining data on Thursday were disappointing‚ which would probably lead to earnings downgrades for companies."

Leading European stock benchmarks remained weaker in late trade‚ with London’s FTSE 100 dipping 0.34%‚ while the Dow Jones Industrial Average edged up 0.29%.

Among individual shares on the JSE‚ Northam Platinum [JSE:NHM] lost 4.06% to R29.74 and Aquarius Platinum [JSE:AQP] shed 6.74% to R5.40.

Industrial share Barloworld [JSE:BAW] was off 2.17% to R70.

In banking stocks‚ Abil [JSE:ABL] dropped 2.52% to R30.50.

Retailer Lewis [JSE:LEW] was down 2.29% to R70.35.
equities  |  jse
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

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

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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