MICHAEL METELITS, Johannesburg | Thursday 6.30pm.
The cumulative effect of bad economic news around the world pushed the JSE and other local markets deeper into negative territory today. While in the last few days, the bond and currency markets escaped the carnage and managed to scrape back some precious losses, today all the broader indices were down, although some only slightly.
The all share lost 121 points to finish at 4791, while industrials plummeted 182 to wind up at 5627.
The volatile financial index haemorrhaged 304 points, ending trading at 6865, while all gold did not escape, slipping 7 points to 820 at day’s end.
The benchmark R150 bond lost 19 basis points to close at 18,89%, after two days of making up for Monday’s bloodbath.
The rand held basically steady, finishing at R6,2102 to the dollar.
In London, gold traded at $279,75-$280,15 at 11:00 aam GMT, roughly even with its last spread of $280,50-$281,00.