JSE slips in line with global stocks

Comment on this story


JSE1

Independent Newspapers

The JSE. Photo: Simphiwe Mbokazi.

The JSE slipped on Monday‚ taking its lead from world markets‚ following strong gains last week.

At 12.38pm‚ the all share index was down 0.32% to 37‚744.59 points after rallying nearly 3% last week and top 40 index lost 0.39% to 33‚504.09 points. But gold shares bucked the trend‚ gaining 1.11%.

“It is a pullback after a very solid week across leading global bourses. Volumes traded are well below average due to a number of international event risks‚ including the resumption of talks on the US fiscal cliff‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.

Leading European stocks were weaker at noon‚ with UK’s FTSE 100 losing 0.45%.

Among individual counters on the JSE‚ Aquarius Platinum (AQP) was down 5.52% to R5.99‚ Gold Fields (GFI) rallied 2.62% to R107.75 and ArcelorMittal SA (ACL) recovered 2.33% to R30.70.

Vodacom (VOD) lost 1.76% to R118.88.

In construction‚ Group Five (GRF) gained 2.04% to R25‚ while Basil Read Holdings gave up 1.68% to R9.34. - 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.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks

Business Directory