JSE remains red
6 November 2009
Although regaining from its earlier weaker levels, the JSE was unable to close in the black while tracking firm US markets following better-than-expected US jobless figures.
The JSE's all share index slipped 0.10% and closed at 25 897.800 points.
Resources added 0.64% however the gold mining index tumbled 3.64% following Wednesday's rally while the platinum mining index eased 1.37%.
Banks and financials lifted 0.92% and 0.36% respectively while industrials edged up 0.26%.
Resources heavyweight, Anglo American plc edged up 61 cents to 294.11 rand however BHP Billiton slipped 11 cents to 212.89 rand. Synthetics giant, Sasol rose 76 cents to 291.50 rand.
Among gold counters, AngloGold Ashanti tumbled 4.42% to 301.31 rand, Gold Fields slumped 3.16% to 104.10 rand while Harmony dropped 2.45% to 79.99 rand.
Among platinum miners, Anglo Platinum eased 1.60% to 672.33 rand, Impala Platinum lost 1.39% to 170.60 rand however Wesizwe bucked the weaker trend rallying 9.63% to 2.05 rand.
Among diversified miners, Exxaro retreated 1.79%, to 85.15 rand.
Steel maker, ArcelorMittal soared 3.80% to 103.80 rand.
Meanwhile Kumba Iron Ore gained 1.24% to 225 rand.
Industrial brands group, Barloworld said on Thursday that basic earnings per share and headline earnings per share (HEPS) from continuing operations are expected to be 40% to 50% lower than the prior year. Operating profits for the year to 30 September are expected to be 20% to 30% lower than previously. The group's share price lifted 2.26% to 49.70 rand.
Meanwhile, Tiger Brands advised shareholders that in respect of the year ended 30 September 2009, it expected that HEPS from continuing operations would reflect an improvement of between 18% and 21% compared to that achieved in the previous financial year. The group's share price edged up 50 cents firmer to 156 rand.
Among other industrials, British American Tobacco added 1.21%, to 246.57 rand.
Clothing retailer, Foschini reported that its diluted HEPS for the six months to September 2009 were at 231.9 cents, up 1.8% from the 227.7 cents reported in 2008. The directors declared an unchanged interim ordinary dividend of 118 cents per ordinary share. Retail turnover at R4.1-billion rand was up 7.9% from the R3.8-billion reported before. The group's share price wavered 3.60% to 56.58 rand
Banking giant, Standard Bank rose 1.64% to 95.25 rand, Nedbank climbed 92 cents to 114.47 rand.
