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JSE slips as banks‚ platinums weigh

Markets

The JSE slipped at noon amid some consolidation following yet another record peak on both the all share and top 40 indices on Thursday.

At 12.44pm‚ the all share index was down 0.40% to 37‚692.79 points‚ with the top 40 index losing 0.47% to 33‚456.02 points.

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The reception area of the Johannesburg Stock Exchange. File picture: Leon Nicholas

Banking and platinum shares lost 1.65% and 1.09%‚ respectively.

“It is profit taking on low volumes. I don’t foresee activity picking up due to the half-day trading session in the US‚” said Kyle Dutton‚ a dealer at Mercato Financial Services.

Leading European bourses were fixed in the afternoon session‚ with the UK’s FTSE 100 edging up 0.13% at 12.29pm local time.

Among individual counters on the JSE‚ Impala Platinum (IMP) was down 2.01% to R147.97 and Exxaro (EXX) gave up 1.45% to R155.37.

SABMiller (SAB) continued its strong run‚ gaining 1.04% to R400‚ while FirstRand (FSR) was down 2.26% to R28.96. - I-Net Bridge

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