MARKET WRAP: JSE flat as gloomy global data dents sentiment

The JSE closed almost unchanged on Friday, despite sharp losses on European bourses, as local precious metal miners extended gains, benefiting from rising prices for some commodities.

Shortly after the JSE closed the Dow was down 1.18%, while in Europe, the FTSE 100 had lost 1.99%, the CAC 40 1.81% and DAX 30 1.21%. Gold added 0.13% to $1,310.89. Aspen Pharmacare fell 2.54% to R91.09. The share price of SA’s biggest drug maker has been battered by concerns over its high debt burden.After a big drop early in the day, Gemfields gained 2.94% despite saying it expected to swing into a full-year loss for the year to end-December, hit by impairments of some of its largest assets.

Fueled by Eskom.

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