JSE pares losses to trade flat

Comment on this story
IOL image JSE interior view INDEPENDENT MEDIA The JSE is seen in this file photo: Leon Nicholas.

The JSE was fairly flat at noon on Thursday‚ having reversed earlier losses in the session‚ in line with European markets.

At 12.51pm‚ the JSE all share index was up 0.08% at 37‚501.41‚ with the top 40 index edging up by a similar margin to 33‚322.22. The platinum index shed 1.06%.

“The markets appear to be in post-US election paralysis‚ with that country facing real economic headwinds in the form of the looming fiscal cliff‚” independent financial analyst Ian Cruickshanks said.

Major European shares were off their intraday highs at noon‚ with the UK’s FTSE 100 gaining 0.26%.

Among individual counters on the local bourse‚ Aquarius Platinum (AQP) was down 2.65% at R5.88. Gold miner Harmony (HAR) gained 3.64% to R74.94.

AECI (AFE) lifted 2.92% to R76.88 and Richemont (CFR) rose 1.51% to R58.97.

Telkom (TKG) lost 1.40% to R16.96. - I-Net Bridge

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines