SA Market Review
February 15, 2013 in JSE
South African markets ended in the red on Thursday, following downbeat South
African mining production data. Additionally, data indicating contraction in
European economies weighed on market sentiment. A sharp decline in its 1H13
headline earnings led Impala Platinum Holdings to drop 3.1%. Woolworths
Holdings lost 2.6%, despite reporting a rise in its 1H13 revenue and earnings.
Gold Fields fell 1.9%, after the company reported a decline in its earnings for
FY12. On the other hand, Harmony Gold Mining added 0.9%, after the company
announced that it would re-open its Kusasalethu mine on 15 February 2013 and
that the mine is expected to return to full production towards the end of June
2013. The JSE All Share Index fell 0.2% to close at 40,732.86.
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