• Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

  • Long live your gadget

    Real gadget protection tends to cost real money, writes Arthur Goldstuck.

  • Taking SA for a ride

    The ANC seems to think all South Africans are idiots, says Mzwandile Jacks.

Data provided by iNet BFA
Loading...
See More

JSE slips to two-week lows on risk off

Nov 15 2012 13:55 I-Net Bridge

Related Articles

JSE closes down on weaker US data

JSE flat in range-bound trade

Resources and gold weigh on JSE

Miners and world markets weigh on JSE

Industrials continue to boost JSE

JSE down on international woes

 
Johannesburg - The share market slipped to its lowest level in just over two weeks on Thursday‚ tracking weaker global markets.

At 12.16pm‚ the All Share [JSE:J203] index was 0.56% lower at 37 034.86 points‚ with the Top 40 - (Tradeable) [JSE:J200] shedding 0.60% to 32 844.60. Gold and platinum stocks gave up 1.30% and 1.29%‚ respectively‚ while banks dropped 1.14%.

“Global risk-off trade continues to dominate in the aftermath of the US elections‚” said Mohammed Nalla‚ analyst at Nedbank Capital. “That negative trend is reflected in the rand weakness‚ with offshore investors exiting their positions on SA assets.”

The rand slid to R8.95/$ during the morning before recovering slightly to about R8.91.

The US fiscal cliff of spending cuts and tax hikes‚ due to take effect in January next year‚ remains one of the key investor concerns‚ Nalla said.

Leading European shares were weaker at noon‚ with London’s FTSE 100 down 0.37%.
jse  |  markets  |  stocks
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

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

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