Monday, January 12, 2009

Zuma issue causes market jitters...

The Jacob Zuma issue and the political instability in SA have caused international investors uncertainty about South Africa (as we need this at this stage)The US is treading water weary of what is expected to be a gloomy earnings season and the rest of the international community have more to worry about with Israel causing worldwide instability over the war on Gaza....

Today, the JSE All Share Index lost 37.67 points or 0.17% to end at 22 183 points with just over 225.2-million shares changing hands in 53 641 deals, worth more than R6.9-billion.

The Top-40 index of blue-chip shares edged 35.61 points or 0.18% lower to close at 20 075 points, while the Resource Index dropped 317.39 points or 0.78% to 40 534 points.

The Gold Mining Index lost 50.83 points or 2.27% to finish at 2 185 points, while platinum stocks gave up 0.60%.

The banks and financial shares added 1.12% and 1.03%, respectively.