• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
See More

Resources push JSE to another high

Jan 29 2013 18:38 I-Net Bridge

Related Articles

Resources‚ banks underpin JSE

Banks push JSE to record close

JSE slips from intraday record high

JSE softer as miners weigh

JSE All Share hits fresh high

SA stocks continue record run

Johannesburg – The JSE closed at an all-time high on Tuesday boosted by general resource counters‚ while gold miners and platinums lost ground on a stronger rand and negative sentiment in those sectors.

At 17:00 the JSE All Share [JSE:J203] index was up fractionally (0.09%) at 40 652.96 points‚ with resources adding 0.89%‚ while gold and platinum miners gave back 0.52% and 0.09% respectively.

Elsewhere‚ the main European stock markets were mixed in late trade‚ with London’s FTSE 100 0.26% firmer at 16:50 local time‚ while Paris’s CAC 40 index had dipped 0.23%. The Dow Industrial index was 0.25% stronger at 17:00 local time.

“With the rand a bit stronger at R9.03 to the greenback from R9.13 earlier in the day‚ gold and platinum miners have been negatively affected. Their revenue is dollar based and that is why they lost value today‚” a local trader said.

On the JSE Anglo American (AGL) closed 2.15% higher at R273.01 after the company said on Tuesday that capital expenditure for its Minas-Rio iron ore project was projected to increase to $8.8 billion. The higher capex was not as high as market participants had expected‚ which boosted the share price.

Aquarius Platinum (AQP) was down 6.15% to R9.01 after reporting on Tuesday a 2% rise in attributable production from its operating mines in the quarter ended December to 78‚987 ounces.

Gold Fields (GFI) retreated 1.48% to R105.60 and Harmony (HAR) finished down 1.83% at R61.

Platinum counter Amplats (AMS) bucked the trend closing 0.92% firmer at R444 after it agreed to postpone by 60 days its plans to retrench up to 14‚000 employees to allow for “detailed consultation”.

In construction Murray & Roberts (MUR) was 0.08% softer at R24.98 after it said on Tuesday it had sold its Union Carriage & Wagon Company business to the CTE Consortium‚ which includes CTE Investments and the Industrial Development Corporation (IDC). Rival Group Five (GRF) dipped 2.38% lower to R30.75.

Barloworld (BAW) shed 3.09% to R85.30.

Among banks‚ Absa (ASA) added 2.14% to R171.75 and Investec Plc (INL) gained 1.86% to R66.95‚ while Standard Bank (SBK) gave back 1.18% to R117.35.

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

jse  |  markets

JSE reaches new peak

2014-04-24 18:16


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
Add your comment
Comment 0 characters remaining

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.

Fewer high-risk election areas - Mthethwa

There are fewer high-risk election areas this year compared to past elections, Police Minister Nathi Mthethwa has said while visiting Manenberg in Cape Town.


Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

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