THE JSE reversed all the day’s gains and closed lower on Friday, after disappointing US consumer confidence data and concerns over the stability of the banking system in the Eurozone dampened sentiment on the local bourse.
Gold stocks fell the hardest despite the strong gold price, which hit yet another record high on Friday.
By 5pm the JSE all- share index was down 0.18%, with gold miners falling 2.12%. But platinum miners added 0.10% and resources gained 1.02%. Banks made 0.12% gains, while industrials shed 0.28% and financials slid 0.52%.
The rand was bid at R7.11/ from an earlier R7.13/ . Gold was quoted at 1276.20 an ounce from its previous 1274.29, while platinum was at 1622.00/oz from a previous 1617.00. — BusinessLive
