WEDNESDAY, 4.00PM
THE JSE was marginally weaker on Wednesday as investors stayed out of the market ahead of Thursday’s release of US September consumer inflation figures and next Monday’s tenth anniversary of the stock market crash.
The industrial index was 5,7 points lower at 8846,9, the all gold index was 8,7 points off at 1034,5 and the all-share index slipped 6,6 points to 7296,1. Value traded by 10am was R67,82m compared with R82,93m at the same time on Tuesday.
The money market shortage has been below R5bn for the past few days compared with a daily average of above R8bn in October last year. On Tuesday the shortage was R4,361bn from Monday’s R4,768bn. The local bond market was one point stronger with the yield on the R150 bond at 13,72%.
The bullion price was trading at $327,35 an ounce from Tuesday’s London afternoon fix of $327,75 and the New York close of $327,95.
The rand traded softer against the dollar on Wednesday as importer demand appeared just before midday. The local unit was quoted at a midrate of R4,6735 to the dollar from Tuesday’s close of R4,6715/dlr.
The rand was mixed against the crosses. Against the British Pound it was last quoted at R7,5528 from R7,5612 late on Tuesday.