JSE pares losses to trade flat

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JSEPic INLSA The JSE board in Sandton in Johannesburg. 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


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