JSE ends in the red
25 November 2009
The JSE was unable to drag itself out of the red before close on Tuesday while shrugging off better-than-expected growth domestic product data released earlier while a poor opening on Wall Street contributed to the loses.
GDP for the third quarter of 2009 increased by an annualised rate of 0.9% compared with the second quarter of 2009, Stats SA said earlier.
The JSE's all share index shed 0.17% and closed at 27 377.540 points.
Resources eased 0.59%, the platinum mining index withdrew 0.72% while the gold mining index pulled back 2.40%.
Banks and financials gained 0.69% and 0.45% respectively, while industrials closed flat.
Resources heavyweight, Anglo American plc collected two rand to 326.75 rand however rival BHP Billiton shed 1.29% to 230 rand. Synthetics giant, Sasol lifted 1.79 rand to 299.98 rand.
Among gold counters, AngloGold Ashanti dropped 3.15% to 330 rand, Gold Fields pulled back 1.80% to 109 rand while Harmony lost 1.18% to 79.75 rand.
Among platinum miners, Anglo Platinum eased 2.48 rand to 736 rand, Impala Platinum withdrew 1.69 rand to 172.81 rand while Lonmin retreated 1.04% to 218.70 rand.
Among diversified miners, African Rainbow lost 1.49% to 163.40 rand however Hulamin added 2.33% to 13.60 rand.
ArcelorMittal lifted 1.32% to 109.40 rand however Highveld Steel shed 1.46% to 64 rand.
Kumba Iron Ore said earlier it expected exports to reach 34 million tonnes in 2009. The group's share price gained 1.40 rand to 262.90 rand.
Among industrials, brewer SABMiller climbed one rand to 221 rand, Imperial jumped 3.79% to 85 rand however British American Tobacco lost 1.32% to 238.40 rand.
Consumer goods group, Tiger Brands earlier reported diluted headline earnings per share (HEPS) of 1 398.4 cents for the year ended 30 September from vs 1 517 cents earlier. HEPS from continuing operations was up 20% at 1 382.1 cents. Earnings per share from continuing operations increased 45% to 1 556.8 cents per share. Tiger Brands' revenue was at R20.64-billion versus R19.17-billion earlier, it said. The group's share price advanced 1.94% to 163 rand.
Among retailers, JD Group slumped 2.67% to 44.48 rand, Steinhoff shed 1.08% to 18.35 rand however Mr Price added 1.07% to 33.15 rand.
Banking giant, Absa rose 1.19% to 127.50 rand while FirstRand gained 1.95% to 17.80 rand.
