Despite strong gains in gold mining shares, the JSE All Share had slipped 0.10% by end of day on Tuesday. The rand continued to weaken, trading at R10.83 to the US dollar and R17.75 to the British pound as investors were concerned about the economic outlook for SA. Gold had fallen 0.14% to sell at $1251.50 an ounce, while Brent crude oil had also dipped 0.63% to $106.57 a barrel.
Huge Group (HUG) was the top gainer on Tuesday as shares rose 16.28% to R0.50 after 58 deals traded 1,328,100 shares. Runner up was Oando (OAO) which climbed to R1.72 after 377,072 shares were exchanged in 38 deals, a boost of 10.97% in share price. After investors sold 17,000 shares in 1 deal, Stratcorp (STA) slid 83.33% to R0.01 a share to become the top mover downwards. African Eagle Resources (AEA) lost 20% to take second place after 3 deals traded 40,050 shares, resulting in a share price of R0.04.
New Highs - Naspers, Capco, Glencor, FMBrands and Steinhof.
Dow +0.7%, FTSE +0.1%, DAX +0.3%, HangSeng +0.5%, +2.3%, AllOrds +0.8% - So all green - perhaps we'll follow.
USD 10.93, EUR 14.90, GBP 17.95, Yen 9.64. If the ZAR continues it's slide to 11.00 against USD, we should see some positive movement in Naspers, Steinhof, SAB and others.
Brent 107.04, Gold 1240.91, Plat 1427.25, Silver 20.15
F&G - 71 (Greed) [Yesterday 61, Last week 67, Last Month 38]
