TUESDAY, 10.30AM:
TRADE on the Johannesburg Stock Exchange was subdued on Monday, with the only action the result of investors dumping “Olympic” stocks in the wake of Cape Town’s failed bid for the 2004 Games.
The thin trade brought all shares lower, with the all gold index slipping 2,9 points to 992,5, industrials shedding 34,7 points to 9 040,7 and the all share index following suit, slipping seven points to 7 393,2.
Building and construction shares were hit by the Olympic sell-off, with the index falling 2,4% to 7 823,9 points.