• Noakes soap opera

    How many millions more will be sunk into a seemingly pointless vendetta, asks Mandi Smallhorne.

  • Downgrade scenarios

    An analyst takes a look at how credit downgrades have affected countries around the world.

  • Supply chain benefits

    It may be unsexy but developing your supply chain brings big gains, says Ian Mann.

All data is delayed
Loading...
See More

JSE softer on consolidation

Jan 22 2013 13:25
I-Net Bridge
Johannesburg – The JSE came under pressure on Tuesday‚ leaving most constituent benchmarks in negative territory amid consolidation after a strong start to the year.

At 12:37‚ the All Share [JSE:J203] index was 0.62% lower at 39 741.43 points‚ with the Top 40 - (Tradeable) [JSE:J200] index shedding 0.70% to 35 316.46 while the bank and platinum indices lost 1.32% and 1.16% respectively.

“It is a healthy pullback after the big run-up in the second half of last year; some shares still look reasonably overextended‚ but the investment climate still looks positive in 2013‚” said Gerhard Lampen‚ head of Sanlam iTrade.

European shares were mixed at noon‚ with London’s FTSE 100 flat (0.02%).

German business confidence improved far more than expected in January‚ reaching a nearly three-year high‚ data from the Centre for European Economic Research showed‚ Dow Jones Newswires reported.

On the JSE‚ resources counter Anglo American (AGL) was down 1.79% to R264‚ platinum miner Lonmin (LON) dropped 2.20% to R46.70 and steel producer ArcelorMittal SA (ACL) gave up 1.44% to R36.86.

Investment group Remgro (REM) surrendered 2.18% to R162.99‚ Standard Bank (SBK) was down 1.48% to R117.50‚ rival Nedbank (NED) slipped 1.49% to R190.49 and RMB Holdings (RMH) dropped 2.35% to R43.70.
 

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

jse  |  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
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

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

Voting Booth

Almost all working South Africans fear losing their jobs

Previous results · Suggest a vote

Loading...