Bloomberg reported the FTSE/JSE Africa All Share Index advanced 15.32, or less than 0.1 percent, to 32,211.88.
Business Day.com reports that , on the heels of the G20's promise not to devalue currencies, on Monday the JSE shot upwards, led among others, by Platinum, up 1.31%.
GLOBAL resources group BHP Billiton might consider investing in the platinum sector if it could add value to the group’s portfolio, but is in two minds over the decision. For more information, click here
It was a tough day on the markets for the precious metals. Platinum plunged the furthest, at 6 percent, while gold dropped more than 2 percent and silver by 5 percent. The drop was instigated earlier in the session as economic worries prompted Asian traders to sell off metals.
BHP Billiton’s CEO Marius Kloppers denied on the South African inspired rumours that the company was preparing to bid for Impala Platinum. For more information, click here For BHP’s website, click here
Shares of Impala Platinum, world’s second-biggest platinum producer, surged in Johannesburg trading on speculation that BHP Bilton could make a bid to acquire the company. Garth Mackenzie, head of derivatives trading at BoE Stockbrokers in Johannesburg, said: Speculation in the market that BHP may be planning a bid for Impala is moving this stock. Click here [...]
Thursday, November 3, 2011