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Johannesburg - Mining shares kept the JSE in positive territory at noon‚ amid a lack of fresh impetus to build on this week’s gains‚ which saw the SA share market setting a new record high.
At 12.51pm‚ the JSE all share index was up 0.22% to 40 999.30 points‚ with the Top 40 - (Tradeable) [JSE:J200] index edging up 0.21%. Platinum and gold indices lifted 1.24% and 0.88% respectively and general resources added 0.87%.
“We are battling to pick a trend. Important to note‚ though‚ is the rebalancing of the JSE top-40 index. These tend to result in extreme price movements‚ based not so much on fundamentals‚” said Greg Davies‚ head of dealing at Cratos Capital.
Leading European stock markets were generally a tad softer‚ with London’s FTSE 100 having shed 0.29% by 12:45 local time.
Among individual stocks on the JSE‚ Sasol (SOL) gained 1.34% to R418.85‚ Lonmin (LON) gained 2.13% to R45.94‚ while Aquarius Platinum (AQP) fell 4.16% to R7.14.
Harmony Gold (HAR) garnered 2.08% to R59.98‚ Sibanye (SGL) added 1.19% to R14.41 and Gold Fields (GFI) improved 1.20% to R73.48.
Exxaro (EXX) lifted 1.35% to R166.79‚ while Coal of Africa (CZA) gave up 5.16% to R2.02 after releasing disappointing half-year results.
Vodacom (VOD) shed 1.08% to R111.68.
The Foschini Group (TFG) gained 2.57% to R109.24‚ while Spar (SPP) was up 2.01% to R113.60.
In construction Aveng (AEG) added 0.89% to R37.33 after it reported diluted headline earnings per share rose by 44% in the six months to end December to 97.5 cents. This was due to a 30% increase in revenue to R25bn‚ which resulted in a 56% gain in operating profit to R518m.
Group Five (GRF) improved 2.32% to R37.55‚ while Basil Read (BSR) plummeted 7.17% after releasing a disappointing trading update. The group said that it expected its earnings for the year ended December to be between 215% and 225% lower compared to the previously reported corresponding period and headline earnings to be between 185% and 195% lower.
At 12.51pm‚ the JSE all share index was up 0.22% to 40 999.30 points‚ with the Top 40 - (Tradeable) [JSE:J200] index edging up 0.21%. Platinum and gold indices lifted 1.24% and 0.88% respectively and general resources added 0.87%.
“We are battling to pick a trend. Important to note‚ though‚ is the rebalancing of the JSE top-40 index. These tend to result in extreme price movements‚ based not so much on fundamentals‚” said Greg Davies‚ head of dealing at Cratos Capital.
Leading European stock markets were generally a tad softer‚ with London’s FTSE 100 having shed 0.29% by 12:45 local time.
Among individual stocks on the JSE‚ Sasol (SOL) gained 1.34% to R418.85‚ Lonmin (LON) gained 2.13% to R45.94‚ while Aquarius Platinum (AQP) fell 4.16% to R7.14.
Harmony Gold (HAR) garnered 2.08% to R59.98‚ Sibanye (SGL) added 1.19% to R14.41 and Gold Fields (GFI) improved 1.20% to R73.48.
Exxaro (EXX) lifted 1.35% to R166.79‚ while Coal of Africa (CZA) gave up 5.16% to R2.02 after releasing disappointing half-year results.
Vodacom (VOD) shed 1.08% to R111.68.
The Foschini Group (TFG) gained 2.57% to R109.24‚ while Spar (SPP) was up 2.01% to R113.60.
In construction Aveng (AEG) added 0.89% to R37.33 after it reported diluted headline earnings per share rose by 44% in the six months to end December to 97.5 cents. This was due to a 30% increase in revenue to R25bn‚ which resulted in a 56% gain in operating profit to R518m.
Group Five (GRF) improved 2.32% to R37.55‚ while Basil Read (BSR) plummeted 7.17% after releasing a disappointing trading update. The group said that it expected its earnings for the year ended December to be between 215% and 225% lower compared to the previously reported corresponding period and headline earnings to be between 185% and 195% lower.
