Borzni komentarji od 17.9 - 23.9. 2007

Tale Afrika pa le ni tako neodvisna od ostalega sveta kot bi si mislil. Tudi tu zelo vpliva nepremičninska kriza in pa ameriške obrestne mere. Kdo bi si mislil. Pa le ni vse tako rožnato kot sva sprva mislila, da naj bi bil to varen pristan, ko so drugod nestabilne razmere.

JSE under pressure
By Nicole Rego

The JSE was 205 points in the red in early trade on Monday, as renewed global credit concerns led to a sell-off on the local bourse.

By 09:19, the JSE all share index lost 0.71%. Resources fell 1.04%, and the platinum mining index dipped 1.25%. The gold mining index was flat (-0.02%), while industrials were off 0.37%, financials shed 0.96% and banks gave up 0.48%.

The rand was bid at 7.17 to the US dollar from 7.15 when the JSE closed on Friday, while gold was quoted at US711.75 a troy ounce from $714.60 at the JSE's last close.

After credit crunch fears appeared to die down a few weeks ago, they were revived when the UK's fifth largest mortgage lender Northern Rock used the Bank of England as a lender of last resort last week.

DJ News reports that markets are still digesting last week's developments in the global credit crisis, and investors are looking to the Federal Reserve's policy meeting this week for some relief.

It also reported that Wall Street's futures are lower, as investors wait for the Federal Reserve to meet this week to decide what to do about interest rates.

Bob Doll of BlackRock Inc. believes Fed policy makers will lower rates to five percent from 5.25% on Tuesday and alter their assessment of the economy.

A local trader added his views on the renewed credit crisis. "When the guys came in today, the first thing they saw on television was the problem with Northern Rock," he said. This drove investors to sell stocks.

The trader added that in addition to the problem in the UK, which was spilling over onto the rest of the world markets, Far East markets were also lower, with Tokyo closed for a holiday. European markets were also softer.

The DJIA closed 0.13% higher on Friday at 13,442.52, while the Hang Seng lost 0.41% on Monday, and the FTSE 100 was down 0.48%.

On the JSE, Anglo American (AGL) pulled back 6.19 rand, or 1.48%, to 412.01 rand, BHP Billiton (BIL) eased 2.30 rand, or 1.08%, to 211 rand and Sasol (SOL) gave up two rand to 303 rand.

Gold miner Anglogold Ashanti (ANG) eased 2.75 rand to 317.25 rand.

However, Harmony (HAR) was up 50 cents to 81 rand and Gold Fields (GFI) collected 47 cents to 120.85 rand.

Among platinum stocks, Anglo Platinum (AMS) was 50 cents lower at 994 rand and Impala Platinum (IMP) was off five rand, or 2.31%, to 211 rand.

Luxury goods group Richemont (RCH) was down 90 cents, or two percent, to 43.76 rand, while Tiger Auto (TAL) shed 16.7%, or 2.30 rand, to 11.50 rand.

Among financials, Investec Ltd (INL) retreated 1.6%, or 1.20 rand, to 74 rand and Investec Plc (INP) slumped 3.18%, or 2.39 rand, to 72.75 rand.

Absa (ASA) was up 40 cents to 125 rand, but Nedbank (NED) was off 100 cents, at 128 rand.

2007-09-17 10:12:44.993 Source: I-Net Bridge