Profit taking sinks JSE
3 July 2009
The JSE closed solid in the red on Thursday after early profit taking prevented the bourse to continue Wednesday's rally. A weak opening on Wall Street contributed to the losses following worse-than-expected US non-farm payrolls data.
The JSE's all share index slumped 2.36% and closed at 22 710.160 points.
Resources tumbled 4.27% while the gold and platinum mining indices plunged 4.04%and 4.31% respectively.
Banks and financials pulled back 1.97% and 1.15% respectively while industrials shed 0.76%.
Resources heavyweight, Anglo American plummeted 5.42% to 221.25 rand while rival BHP Billiton slumped 4.75% to 174.30 rand. Synthetics giant, Sasol dropped 2.68% to 278.50 rand.
Among platinum miners, Anglo Platinum plunged 4.99% to 530.15 rand, Impala Platinum pulled back 2.65% to 168.90 rand while Lonmin lost 3.82% to 151 rand.
Among gold counters, AngloGold Ashanti fell 3.26% to 282.95 rand, Gold Fields retreated 3.86% to 93.01 rand while Harmony plummeted 5.06% to 75 rand.
Diversified miner, African Rainbow dropped 2.21% to 129 rand.
Steel maker ArcelorMittal eased 1.56% to 95.49 rand.
Among industrials, brewer SABMiller lost 1.46% to 161.60 rand, Imperial shed 1.67% to 59 rand while Barloworld retreated 2.50% to 38.95 rand.
Hosken Consolidated Investments earlier announced the concluded acquisition of the Caledon Casino, Hotel and Spa and Century Casino Newcastle by its 38% held subsidiary, Tsogo Sun Gaming. The group's share price rallied 6.52% to 49 rand.
Cellular giant, MTN Group closed flat at 119 rand, Telkom withdrew 2.56% to 40 rand while Vodacom plunged 5.74% to 54.01 rand.
Media group Naspers added 1.27% to 208.75 rand while Avusa gained 1.25% to 20.25 rand.
Banking giant, Standard Bank eased 1.67% to 88.30 rand, Nedbank dropped 3.68% to 98.10 rand, Absa withdrew 2.47% to 108.55 rand while FirstRand slumped three percent to 13.92 rand.
