• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

Platinums provide upside on the JSE

Feb 18 2013 11:21 I-Net Bridge


Related Articles

Gold‚ platinums drag JSE down

Miners continue to weigh on JSE

Mining companies leads JSE lower

Miners pull JSE to two-week low

Gold‚ platinum miners pull JSE lower

Miners keep JSE on back foot

 
Johannesburg - The JSE opened flat on Monday morning‚ with gold miners leading the downside‚ continuing their downward bias‚ while platinum shares showed some gains after recent losses.

At 9:35 the All Share [JSE:J203] index had lost 0.10% to 40 640.18 points‚ with the gold index off 1.28%‚ while the platinum index added 0.34%.

Elsewhere‚ Japan’s Nikkei 225 closed 2.09% higher on a weaker yen after Japan escaped direct censure when finance ministers and central bankers from the Group of 20 (G-20) industrialised and developing countries issued a weekend statement on currency manipulation.

"Japan's policies escaped direct criticism and the market saw it as a green light to maintain selling pressure on the yen‚" Sue Trinh‚ senior currency strategist at Royal Bank of Canada‚ said in a note to clients.

In its closing statement‚ the G-20 agreed not to target exchange rates for competitive purposes and to move towards market-driven currency rates.

Locally‚ the market is awaiting the January consumer price index (CPI) release on Wednesday‚ with US housing starts data and minutes of the last US Federal Reserve policy meeting due the same day.

On Thursday the US releases CPI figures‚ initial jobless claims and existing home sales‚ data that should provide more direction to markets including SA’s.

On the JSE‚ Anglo American (AGL) was unchanged at R280.50. On Friday Anglo posted a loss of $1.49bn for the year ended December‚ compared with a $6bn profit a year earlier.

On the platinum side Lonmin (LON) added 1.49% to R51.00‚ while Aquarius (AQP) surged 7.22% to R9.65.

AngloGold Ashanti (ANG) added 1.03% to R239.01‚ while Gold Fields (GFI) losr 1.93% to R83.74 and Harmony (HAR) gave back 0.70% to R60.72 

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

markets; jse
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

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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