The JSE All Share had fallen 0.24% by midday on Wednesday, as sliding gold mining shares led losses on the local bourse. The rand was trading slightly stronger at R9.93 to the US dollar, after weakening yesterday as poor current account deficit data rattled investors. Gold edged up 0.08% to sell at $1364.78 an ounce as some analysts speculated that conflict with Syria may yet continue despite US President Obama’s decision to defer military strikes. International markets Yesterday US markets ended higher as positive economic data from China boosted investor confidence. The Dow Jones rose 0.85%, the S&P 500 gained 0.73% and the Nasdaq lifted 0.62%. The Nikkei inched up 0.01% at its close this morning, erasing earlier gains to end flat. The Shanghai index closed 0.15% higher as investors took some profits after the Chinese market’s recent rally following upbeat economic data. European markets were mixed after investors digested the news of the US decision to put military strikes against Syria on hold as politicians try to find a diplomatic resolution to the conflict. The DAX was up 0.33%, the CAC40 down 0.12% and the FTSE 100 had edged down 0.06% at noon SA time. Share price news Sibanye Gold (SGL) rose 4.46% to R11.70 after investors exchanged 1,036,488 shares in 383 deals. The company announced the conclusion of a two-year wage agreement this morning, which lifted investor sentiment. In the retail sector, JD Group (JDG) climbed 4.36% after 741,127 shares were traded in 454 deals, boosting the share price to R28.49 at midday. After 1,449 deals sold 1,266,563 shares, Gold Fields (GFI) fell 2.84% to sell at R50.23 a share. Anglogold Ashanti (ANG) slid 2.48% to R134.12 after investors traded 568,357 shares in 1,910 deals.
Posted on: Wed, 11 Sep 2013 10:26:00 +0000
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