By midday Tuesday the JSE All Share had slipped 0.02%, with falls in the resource and gold sectors offsetting gains in industrials and financials. The rand dipped 0.21% against the US dollar to trade at R9.85, however market participants speculate that it could benefit from a successful government bond auction later in the day. Gold fell 0.66% to sell at $1294.90 an ounce with Brent Crude oil 0.18% stronger at $109.50 a barrel. International markets In US Markets, the Dow Jones and S&P 500 closed 0.30% and 0.15% lower yesterday as investors were jittery about a possible pullback of the Federal Reserve’s aggressive bond-buying programme. The Nasdaq however gained 0.14%. Asian markets closed somewhat mixed this morning as the Nikkei gained 1.00% on yen/dollar weakness and a report that Japan’s public employee pension fund may increase its stock holdings. China’s Shanghai index edged up 0.49% while Hong Kong’s Hang Seng lost 1.34%. By noon SA time, European stocks were mixed with the DAX 0.35% higher, the CAC40 up 0.28% and the FTSE 100 slipping 0.05%. Share price news In the major movers upwards, gold miner Randgold & Exploration (RNG), rocketed 23.79% after trade in 14,867 shares in 2 deals sent the share price up to R2.55. Also amongst the major advancers was ALTX listed Alert Steel (AET), it gained 17.80% to trade at R1.39 after 34,150 shares were exchanged in 5 deals. In the major movers downwards, the ALTX’s Findbond Group (FGL) slid 5.84% to R1.29 after 101,163 shares were traded in 19 deals. Also amongst the top losers was Jasco Electronics (JSC), in the electrical equipment sector, it slid 4.55% to R1.05 after 71,415 shares were traded in 7 deals.
Posted on: Tue, 06 Aug 2013 10:26:58 +0000
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