OWN CORRESPONDENT, Johannesburg | Thursday 6.00PM.
LOCAL industrial and all-share market movers were at the forefront of the overall market’s fall today on the back of futures-related and foreign selling.
The all share index fell 58,6 points to end trade on 6721,8, while the industrial index dropped 66,0 points to close on 7816,9. The financial index closed weaker on 11,769,6, a drop of 158,6.
The all gold index ended stronger on 942,4, up 17,6 points.
South African bonds ended weaker on foreign selling after the noon options close-out as institutions sold off “excess” stock.
The R150 closed on 15,835% after closing Wednesday on 15,700%, while the longer-term R153 ended the day on 15,710% compared to the previous close of 15,550%
The rand ended just off its weakest level of the day against the US dollar as a wave of poor sentiment overtook the market due to jitters over South-East Asian currencies.
The rand ended trade on 6,2100 after closing Wednesday on 6,1700. The rand closed at 10,1860 on the Sterling after closing on Wednesday at 10,0690.
Gold closed marginally weaker on US$/oz 287,60, after closing on 288,00 on Wednesday.