adminJOHANNESBURG. – The JSE slipped in the opening session on Tuesday, weighed down by some weakness among miners, while African Bank Investments was one of the standout performers. At 9.43pm the all share index was down 0,1 percent at 41 760,13 points, with the top 40 also losing 0,1 percent. Gold and platinum indices gave up 1,78 percent and 1,22 percent respectively.
“Not much is happening on all fronts during the big holiday month offshore, with the US and Europe slightly down last night,” Stanlib portfolio manager Paul Hansen aid.
He said the JSE all share may need to consolidate after its recent advance in order to regain momentum for a push to record highs.
Leading European markets were slightly lower in early trade, with London’s FTSE 100 down 0,19 percent. In Asia, Hong Kong’s Hang Seng index lost 1,29 percent.
Anglo was down 1,07 percent to R220,61, with Impala Platinum shedding 1,46 percent to R100,11, Northam Platinum dropping 1,21 percent to R36,75, and African Rainbow Minerals falling 1,19 percent to R166,49.
Luxury goods maker Richemont was up 1,73 percent at R99,70, while Abil rallied 3,44 percent to R15,65. The unsecured lender said on Monday it would sell its troubled Ellerines division.
Basil Read Holdings gained 2,76 percent to R7,45. – Businessday.
Online Reporter