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JSE down on continued consolidation

Johannesburg – The JSE weakened at noon on Friday as it continued to consolidate after hitting record highs on Wednesday and Thursday. 

“The markets are still experiencing some post-Christmas trade. We started the year on a high and we have hit a record high in both of the sessions so far this year‚” said Ockert van Niekerk‚ head of trading at PSG.

At 12:02pm‚ the All Share [JSE:J203] index was 0.12% lower at 40‚196.49 points as gold miners lost 2.45% in value. 

“The markets is still settling into the post-fiscal-cliff era as the euphoria from averting it has started to wear off‚ as traders are looking for a more permanent deal in the US‚” Van Niekerk said.

 
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Rand - Dollar
18.94
-0.1%
Rand - Pound
23.91
-0.0%
Rand - Euro
20.41
+0.1%
Rand - Aus dollar
12.33
+0.1%
Rand - Yen
0.13
-0.0%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
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