/ 20 March 1998

Futures pull JSE down

FRIDAY, 6.00PM:

THE Johannesburg Stock Exchange ended down on Friday, pressured by futures trade and profit taking.

The all gold index wound down 6,4 points to 679,9, the industrial index 51,7 points to 8515,2, and the financial index 122,9 points to 13234,1. The all share index finished down 64,8 points at 7179,7.

Around 130,328-million shares worth R1,55-billion were traded.

The rand weakened against the dollar, dropping to R4,9810 from R4,9730. Against the pound, it stood relatively firm, at R8,2824 from 8,2817.

Bonds were close on four-year lows at Friday’s close, as traders restrained themselves ahead of next week’s release of consumer inflation and trade figures.

The R150 government long bond closed on 13,07% from Thursday’s 13,11%. The longer-dated R153 was at 13,37% from 13,42%.

Gold was last quoted at $292,85 an ounce from a London morning fix of $291,10.