The JSE all-share index is trading 0.09% lower in trade today, with the resource index leading today’s decline having given up 0.23%.Â
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While the industrial index trades 0.12% lower and the financial index is marginally by 0.1%.
In company news: Lonmin has released an operational update after its number one furnace was stopped after a leak was detected. The company has said that overall sales and unit cost guidance remains unchanged, although net borrowings are expected to increase at the end of March 2015.
The list of shares that are ex-dividend today are:AECI, Afrimat, Ascendis Health, CMH Holdings, Holdsport, Investec Ltd, Mr Price, Oando, Pick n Payas well as Tsogo Sun Holdings.
In currencies news the Rand is trading at R11.44 to the Dollar, R14.02 to the Euro and, R17.84 to theBritish Pound. In commodities, Gold is trading at $1,194/oz., Platinum at $1,232/oz. and Brent Crude at $67.63/barrel.
Chart of the day
The USD/ZAR is the chart of the day. Strong jobs data out of the U.S. on Friday and poor sentiment created from the recent load shedding affecting domestic businesses has seen the rand breaking through resistance at 11.40 to the dollar, to trade at its worst level to the green back since October2008. Historical resistance for the rand is considered a possible price target at R11.90/$
South Africa has posted a narrowing of its account deficit top 6% of Gross Domestic Product (GDP) in the 3rd quarter of 2014, aided by lower fuel costs. China reported a larger than expected trade surplus of 54.5bn a record high as imports decline amidst lower crude oil prices.
USD/ZAR
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