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Johannesburg bourse declines after two-day bounce
2005-01-26 00:30:38 XinhuaEnglish

JOHANNESBURG, Jan. 25(Xinhuanet)-- After enjoying a bounce over the previous two trading sessions, South Africa's Johannesburg Securities Exchange(JSE) on Tuesday resumed its downtrend seen onthe first four days of last week.

Weakness in heavyweight dual-listed stocks offshore, poor global sentiment and lack of buying interest locally acted in concert against the local bourse, the I
-Net Bridge reported.

The all share index closed at 12,517.66, 0.1 percent softer, while industrials eased 0.18 percent.

Resources retreated 0.33 percent, with the gold mining index tumbling 2.16 percent. However, the platinum mining index perked up 0.53 percent. Financials firmed 0.3 percent, helped by a 0.89 percent climb in the banks index.

The rand was quoted at 5.95 per US dollar from 5.94 when the JSE closed on Monday, while gold was quoted at 425.50 dollars a troy ounce from 427.65 dollar/oz at the JSE's last close.

On the all share index, 69 shares were down, 38 were unchanged and 55 were up. There were 18 decliners on the Top 40 index and anequal number of advancers, while five shares finished flat.

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