JSE ends in the red
4 November 2009
The JSE closed solid in the red on Tuesday, dragged down by slumping resources counters while profit taking and risk aversion contributed to the losses.
The JSE's all share index dropped 1.37% and closed at 25 755.60 points.
Resources pulled back 1.19% while the platinum and gold mining indices shed 0.43% and 0.16% respectively.
Banks retreated 1.80%, financials lost 1.38% while industrials eased 1.56%.
Resources giant, Anglo American plc pulled back 1.30% to 289.20 rand while rival BHP Billiton withdrew 2.24% to 211.26 rand. Synthetics giant, Sasol closed unmoved at 293.50 rand.
AngloGold Ashanti added 2.80 rand to 302.90 rand however Gold Fields shed 29 cents to 101.50 rand while Harmony tumbled 3.09% to 76.41 rand.
Platinum miner Anglo Platinum added 1.90% to 664 rand however Impala Platinum dropped 1.78% to 167.96 rand while Lonmin retreated 2.42%, to 191.50 rand.
Highveld Steel plunged 4.19% to 60.36 rand, ArcelorMittal tumbled 3.63% to 101 rand while Kumba Iron Ore slumped 2.95% to 222.01 rand.
Among industrials, brewer SABMiller lost 1.64% to 206 rand, Imperial eased 1.40% to 77.49 rand while Barloworld pulled back 2.72% to 49.37 rand.
Cellular giant, MTN Group edged up 38 cents to 114.99 rand however Telkom pulled back 2.80% to 41.61 rand while Vodacom withdrew 2.50% to 51.55 rand.
Paper giant, Sappi retreated 2.12% to 28.20 rand while Mondi lost 2.27% to 43.10 rand.
Sugar group Illovo earlier said that its headline earnings per share and earnings per share for the six months ended 30 September are expected to be between 25% and 30% higher. Operating profits for the period are anticipated to increase by around 35% than those of the previous corresponding period. The group's share price plummeted 6.47% to 33.40 rand.
Banking giant Standard Bank pulled back 1.55% to 95 rand, Nedbank slumped 3.02% to 112.50 rand, Absa eased 1.63% to 120.50 rand while FirstRand dropped 2.09% to 16.89 rand.
