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JSE tracks global markets weaker

Nov 26 2012 19:25
I-Net Bridge
Johannesburg — The JSE closed in the red on Monday‚ taking its cue from lower global markets and awaiting a decision from eurozone finance ministers with regard to the next aid disbursement for Greece.

At 17:00‚ the All Share [JSE:J203] index was down 0.26% to 37 766.24 points after rallying nearly 3% last week.

Gold counters provided some upside gaining 1.05% on a stronger bullion price and banks shed some value in sympathy with off-shore banks coming off.

“It has been a fairly quiet and unexciting market after we had the monster rally on Black Friday‚” a local trader said.

Leading European stocks were trading weaker‚ with the UK’s FTSE 100 seen 0.50% lower at 16:49 local time.

Meanwhile on the other side of the Atlantic‚ US stocks opened lower‚ taking a breath after strong gains in last week's holiday-shortened week‚ as uncertainty over aid for Greece overshadowed what appeared to be a strong start to the shopping season‚ Dow Jones Newswires reported.

At 16:49 local time the Dow Jones Industrial Average had shed 0.54%‚ to 12 939 points.

On the local front‚ among individual stocks‚ Gold Fields added 1.54% to R106.62 and AngloGold Ashanti tacked on 0.78% to R276.42.

Aquarius Platinum was down 4.57% to R6.05‚ while ArcelorMittal SA recovered 6.47% to R31.94 and Exxaro added 1.15% to R156.99.

FirstRand shed 1.53% to R28.93 and Capitec lost 2.08% to R200.00.
equities  |  jse  |  markets  |  stocks


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