Company Data
| Last traded |
R33,104.06 |
| Change |
R111.81 |
| % Change |
0.34% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
| Last traded |
R29,189.72 |
| Change |
R115.53 |
| % Change |
0.40% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - South African stocks took a
breather after five straight record highs on Tuesday, edging down as concerns
over Greece’s debt deal prompted investors to cash in Standard Bank and other
recent gainers.
After a flat 2011, Johannesburg’s All-share index - the widest
measure of South African stock performance - has gained nearly 6 percent this
year, helped by renewed demand for riskier emerging markets.
But after the index posted record closing highs in the last five
sessions, investors have cautioned that stocks may have risen too far too
quickly.
“From a technical perspective, we we rallied to oversold levels in
the recent days. All we’re seeing now is a bit of healthy profit taking,” said
Bernhard Grobler, head of stockbroking at Investec.
“I think it would be premature to say the we have seen the bottom
of the euro zone debt crisis, things can still go any which way. There’s still a
lot uncertainty over whether Greece would default.”
The
All Share [JSE:J203] gave up 0.61% to 33 733.46. The index hit a
lifetime high of 33 949.41 in the previous session, and is currently trading at
an average of 13.5 times earnings, which makes South African equities roughly as
expensive as U.S. rivals.
News that eurozone finance ministers had turned down an offer by
private creditors to restructure their Greek debt increased concerns about a
potential default.
Recent gainers, such as banks, were hit by selling.
Standard Bank, the continent’s biggest lender, fell 1.4% to
R106. Smaller rival Absa Group slid 1.9% to R147.80.
Harmony Gold rose 1.2% to R93.50 after brokerage UBS
raised its rating on South Africa’s third-largest gold miner to “buy” from
“neutral”, citing recent share price weakness.
Trade was active, with 211 million share changing hands, according
to preliminary exchange data. Decliners outnumbered advancers by a ratio of 2 to
1, while 70 shares were unchanged.