THE JSE lost momentum and ended flat yesterday moving in line with frail US markets with resource and gold counters weighing on the back of a strong local currency.
By 5pm, the JSE all share index was flat, up 0,02%, with resources giving up 0,4 % and gold counters falling 2,06%.
However, platinum stocks added 1,75%.
Banks were up 1,18%, financials edged up 0,72% and industrials were flat, up 0,16%.
“US futures have lost ground after yesterday’s gains,” an equities trader said. “We had a strong open and a sell-off towards the end of the day. We are moving in line with weaker world markets.
“The rand is strong and the gold price has come down and that is weighing on these gold counters. Resources have also come under pressure because of a strong rand and of course weaker world markets,” he said.
In Johannesburg, Anglo American (AGL) lost 4,30% to R142,12, but BHP Billiton (BHP) was up R1,06 to R159,89.
Petrochemicals group Sasol (SOL) gained 2,75% to R259,95. Paper group Sappi (SAP) weakened 1,86% to R19, but Mondi (MND) collected 1,95% to R23,05.
Highveld Steel (HVL) gained 1,44% to R69, but Kumba Iron Ore weakened 1,15% to R155,20.
Among gold miners AngloGold Ashanti (ANG) shed 2,57% to R299,99, Goldfields (GFI) gave up 1,55% to R106,88 and Harmony (HAR) was off 1,51% to R124,10.
Platinum miner Anglo Platinum (AMS) weakened 2,44% to R400 and Lonmin (LON) was off 25c to R142,75, but Impala Platinum (IMP) was up 3,96% to R129,95.
African Rainbow (ARI) gave up 1,19% to R107,70 and Exxaro (EXX) was up 1,12% to R66,99.
Industrial and mining equipment company Eqstra Holdings (EQS) was down 1,56% to R6,30.
Among industrials, brewer SABMiller (SAB) was off R1,12 to R146,19, but Barloworld (BAW) put on 7,25% to R35,50 and Bidvest (BVT) collected 5,05% to R88,24.
Imperial Holdings (IPL) was down 2,48% to R46,80.
Banker Standard Bank (SBK) was up 2,87% to R64,50, but Absa (ASA) lost 1,12% to R88.
Sugar group Illovo (ILV) weakened 1,80% to R24,55, but Tongaat Hulett (TON) rose 4,02% to R73,96.
Media group Avusa (AVU) firmed 5,26% to R14.
Retailer Woolies (WHL) collected 3,21% to R12,20, Pick n Pay (PIK) added 3,11% to R31,45, Spar (SPP) collected 1,60% to R52,06 and Massmart (MSM) put on 2,22% to R71,25.
However, Truworths (TRU) lost 1,14% to R32, Lewis (LEW) gave up 2% to R36,75 and JD Group (JDG) fell 1,51% to R30.
Liberty International (LIB) rose 5,36% to R47,36.
Construction group Aveng (AEG) firmed 3,79% to R26, Group Five (GRF) was up 4,59% to R28,50 and WBHO (WBO) gained 1,41% to R86,20.
Murray & Roberts (MUR) put on 2,44% to R37,39.
Sea Kay Holdings (SKY) was up 8,89% to 98c.
Cement manufacturer Pretoria Portland Cement (PPC) gave up 1% to R29,70.
Packaging manufacturer, recycler and distributor Transpaco (TPC) was unchanged at R5,18.
Telecommunications group MTN Group (MTN) was unchanged at R91, but Telkom (TKG) gave up 2,34% to R100,10.
Despite trading higher earlier, South African near-dated futures ended weaker yesterday in line with world markets, with resources and gold miners leading the downside. A strong rand also put pressure on the market.
The near-dated Alsi contract ended 111 points or 0,66% lower at 16804.
A total of 33927 Alsi contracts changed hands compared with 52306 on Tuesday, a Safex official said. I-Net Bridge
|
