WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2004-05-19 Time: 11:22:13 Posted By: Jan
Johannesburg – Mining stocks tanked yesterday as investors dumped shares on heightened fears about global growth.
The losses stemmed partly from wobbly metals prices and a stronger local currency, but gloom about high oil prices and possible inflation also hit general sentiment.
This spurred heavy selloffs in futures on the FTSE/JSE Africa all share index (down 0.61 percent at 9748.1 points), forcing traders to unload baskets of shares.
The Top40 index slid 0.59 percent to 8841.75 points.
“There was massive basket-selling in the futures market. You could see wave after wave coming in and the buyers just weren’t there,” said Justin Fletcher at Imara SP Reid.
Anglo American Platinum slid 5.7 percent to R214, the lowest level in a year. A fall in prices of the metal also hit Impala Platinum, which fell 5.3 percent to R416.50, another year low.
Gold shares were also under pressure as the gold price fell.
AngloGold lost 4.1 percent to R208 and Gold Fields shed 3.8 percent to R69.30.
JD Group shed 4.4 percent to R39 despite posting a 63 percent jump in half-year headline earnings a share. Traders said the good results had already been priced into the shares after rival retailers posted strong profits.
Shares in mid-cap electrical engineering firm Reunert lost 3.7 percent to R23.50 even though it posted a 20 percent rise in half-year earnings.
On the upside, Sasol added 1.5 percent to R94.90 after announcing it had chosen black-owned Eyesizwe Coal as its partner to meet government empowerment targets.
SABMiller also bucked the weaker trend after it said its joint venture, China Resources Breweries, planned to buy a 90 percent stake in two Chinese breweries.
Shares in SABMiller gained 1 percent to R71.20.
Source: Business Report
URL: http://www.busrep.co.za/index.php?fSectionId=…/p>