JSE tracks global markets weaker

November 26 2012 at 06:52pm

Independent Newspapers

The JSE. Photo: Simphiwe Mbokazi.

The JSE closed in the red on Monday‚ taking its cue from lower global markets and awaiting a decision from eurozone finance ministers with regard to the next aid disbursement for Greece.

At 5pm‚ the all share index was down 0.26% to 37‚766.24 points after rallying nearly 3% last week.

Gold counters provided some upside gaining 1.05% on a stronger bullion price and banks shed some value in sympathy with off-shore banks coming off.

“It has been a fairly quiet and unexciting market after we had the monster rally on Black Friday‚” a local trader said.

Leading European stocks were trading weaker‚ with the UK’s FTSE 100 seen 0.50% lower at 4.49pm local time.

Meanwhile on the other side of the Atlantic‚ US stocks opened lower‚ taking a breath after strong gains in last week's holiday-shortened week‚ as uncertainty over aid for Greece overshadowed what appeared to be a strong start to the shopping season‚ Dow Jones Newswires reported.

At 4.49pm local time the Dow Jones Industrial Average had shed 0.54%‚ to 12‚939 points.

On the local front‚ among individual stocks‚ Gold Fields (GFI) added 1.54% to R106.62 and AngloGold Ashanti (ANG) tacked on 0.78% to R276.42.

Aquarius Platinum (AQP) was down 4.57% to R6.05‚ while ArcelorMittal SA (ACL) recovered 6.47% to R31.94 and Exxaro (EXX) added 1.15% to R156.99.

FirstRand (FSR) shed 1.53% to R28.93 and Capitec (CPI) lost 2.08% to R200.00. - I-Net Bridge

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