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Johannesburg - The JSE was trading softer in noon trade on Monday after reaching its lowest level in four days at the start of the day‚ with the eurozone crises again weighing on markets.
“The dollar is ironically seen as a safe haven and therefore our rand is trading lower and a stronger dollar pushed commodity prices lower‚ which affects local commodity companies negatively‚” said Hennie Fourie‚ stockbroker at PSG Konsult.
“In Spain debt costs are rising‚ with weak GDP economic data out today‚ with its economy contracting for a third quarter in a row. There is a cloud over world markets so this is not SA specific‚” he added.
At 12:01 local time‚ the All Share [JSE:J203] index was down 0.93% to 33‚908.49‚ while big movers in the noon session were Anglo American‚ which lost R8.00‚ or 3.04%‚ to R255.00 and BHP Billiton (BIL) gave up R6.59‚ or 2.80%‚ to R228.99.
Anglo American Platinum gave up R16.99‚ or 4.01%‚ to R406.51 after the world's biggest producer of the metal reported a 78% decline in diluted headline earnings per share to 272 cents for the six months ended June 2012 from 1‚232 cents a year ago.
Aquarius Platinum shed 20 cents‚ or 3.64%‚ to R5.30. The company reported attributable production of 98‚143 ounces for the quarter ended June 2012 from 97‚802 ounces in the previous quarter.
Anglogold Ashanti gained R8.48‚ or 3.30%‚ to R265.73 after it reported gold production in the quarter ended June 2012 of 1.073Moz‚ which represented a 9% improvement on the first quarter‚ at an estimated total cash cost of US$800/oz-$805/oz.
Investec Plc was down R1.83‚ or 3.61%‚ to R48.83 and Investec Ltd shed R1.62‚ or 3.2%‚ to R48.83 after both went ex-dividend.
Overseas markets were down with the blue-chip Hang Seng Index ending just under 3.0% lower at 19‚053.47. The FTSE 100 had shed 1.68% to 5‚556.81 points by 11:46 local time.
“The dollar is ironically seen as a safe haven and therefore our rand is trading lower and a stronger dollar pushed commodity prices lower‚ which affects local commodity companies negatively‚” said Hennie Fourie‚ stockbroker at PSG Konsult.
“In Spain debt costs are rising‚ with weak GDP economic data out today‚ with its economy contracting for a third quarter in a row. There is a cloud over world markets so this is not SA specific‚” he added.
At 12:01 local time‚ the All Share [JSE:J203] index was down 0.93% to 33‚908.49‚ while big movers in the noon session were Anglo American‚ which lost R8.00‚ or 3.04%‚ to R255.00 and BHP Billiton (BIL) gave up R6.59‚ or 2.80%‚ to R228.99.
Anglo American Platinum gave up R16.99‚ or 4.01%‚ to R406.51 after the world's biggest producer of the metal reported a 78% decline in diluted headline earnings per share to 272 cents for the six months ended June 2012 from 1‚232 cents a year ago.
Aquarius Platinum shed 20 cents‚ or 3.64%‚ to R5.30. The company reported attributable production of 98‚143 ounces for the quarter ended June 2012 from 97‚802 ounces in the previous quarter.
Anglogold Ashanti gained R8.48‚ or 3.30%‚ to R265.73 after it reported gold production in the quarter ended June 2012 of 1.073Moz‚ which represented a 9% improvement on the first quarter‚ at an estimated total cash cost of US$800/oz-$805/oz.
Investec Plc was down R1.83‚ or 3.61%‚ to R48.83 and Investec Ltd shed R1.62‚ or 3.2%‚ to R48.83 after both went ex-dividend.
Overseas markets were down with the blue-chip Hang Seng Index ending just under 3.0% lower at 19‚053.47. The FTSE 100 had shed 1.68% to 5‚556.81 points by 11:46 local time.
