• A new DIY economy

    Reinventing society will be an opportunity to create a better future, says Ian Mann.

  • Healthcare headache

    State healthcare strategies must be more than political posturing, says Mzwandile Jacks.

  • Buzzwords and truths

    Mandi Smallhorne discusses her beef with the terms 'savings' and 'entrepreneurship'.

Loading...
See More

JSE slips on profit taking

Dec 21 2012 10:51
I-Net Bridge
The JSE has slipped‚ pulled down by banking and resource shares amid profit taking.

Johannesburg – The JSE slipped on Friday morning‚ pulled down by banking and resource shares amid profit taking.

At 09:41‚ the All Share [JSE:J203] index was down 0.30% to 39 102.94‚ with the Top 40 - (Tradeable) [JSE: J200] index losing 0.35% to 34 677.17 points. Banks and resources gave up 0.49% and 0.51% respectively.

“The market looks overstretched in the short term. Many areas sit in overbought territory‚” said Ferdi Heyneke‚ portfolio manager at Afrifocus Securities.

For this month‚ platinum and banks are up 11% and 9% respectively while the All Share index is up 2.59%.

Leading Asian stocks were mostly weaker amid fresh worries over the US fiscal cliff‚ with Japan’s Nikkei 225 shedding 0.99% while Hong Kong’s Hang Seng index had dropped 0.77% by 09:25.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

equities  |  rand  |  markets

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...

Money Clinic

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

Voting Booth

Eskom’s decision not to give its staff bonuses is:

Previous results · Suggest a vote

Loading...