A local trader said that European markets had become firmer
after key US jobs data was released. The local bourse also benefited from the
data but was held back by the strength of the rand.
At 17:00, the JSE
all-share index ended in flat territory (0.05%). An intraday record was set for
industrials (36,185.40) and banks (45,408.08).
Gold stocks lessened
1.95%, platinums moved 1.29% lower and resources dipped 0.51%.
Financials generated 0.78%, banks added 0.69% and industrials collected
0.21%.
The rand was bid at 7.57 to the dollar from 7.65 at the JSE's
close on Thursday. Gold was quoted at US$1,735.32 a troy ounce from
US$1,750.48/oz at the JSE's previous close, while platinum was at
US$1,617.54/oz, from US$1,625/oz before.
Dow Jones Newswires reported
that US stocks moved higher after a closely watched government payrolls report
showed the economy added more jobs than expected and the unemployment rate edged
lower in January.
The Dow Jones Industrial Average had advanced 0.97% at
the time of the JSE close.
The US Labor Department's January data showed
nonfarm payrolls rose 243,000 last month, marking the biggest gain since last
April. The jobless rate fell by two-tenths of a point to 8.3%, the lowest it is
has been since February 2009. Both numbers beat expectations. Economists
surveyed by Dow Jones Newswires expected a slowing to 125,000 jobs from
December's 200,000. The unemployment rate was expected to hold steady at 8.5%.
European markets moved higher on the back of encouraging economic data.
The eurozone composite purchasing manager's index confirmed private-sector
activity expanded in January, with the index rising to 50.4 from 48.3 in
December.
Separately, Goldman Sachs raised targets for the Stoxx Europe
600, citing reasons including stronger-than-expected macro data, a favourable
reaction to the European Central Bank's refinancing operation and progress on
sovereign debt discussions.
On the JSE, Anglo American (AGL) lifted
R5.21 or 1.53% to R345.84, while BHP Billiton (BIL) relinquished two rand at
R264 and Sasol (SOL) lost R8.21 or 2.02% to R398.79.
In gold stocks,
AngloGold Ashanti (ANG) diminished R6.39 or 1.80% to R349.50, Gold Fields (GFI)
gave up R2.81 or 2.20% at R125.19 and Harmony (HAR) dropped two rand or 2.10% at
R93.10.
Platinum miner Impala Platinum (IMP) dipped R2.71 or 1.59% to
R167.97.
Among other miners, African Rainbow Minerals (ARI) took up
R3.26 or 1.68% at R197.80 and Uranium One (UUU) rose R1.27 or 6.45% at R20.97.
The trader said the low volume of shares traded did not warrant significant
concern.
In industrials, Mondi Plc (MNP) picked up 88 cents or 1.37% to
R64.98, and Barloworld (BAW) was up R1.89 or 2.17% to R88.91.
In
technology stocks, Datatec (DTC) elevated R2.10 or 4.93% to R44.70 and Altron
(ATN) gave up 80 cents or 3.38% to R24.49.
In telecoms, Vodacom (VOD)
generated R2.30 or 2.30% at R102.20 and MTN (MTN) dropped R2.30 or 1.66% to
R135.99. News that Turkcell Iletisim Hizmetlera AS (Turkcell), which was
unsuccessful in attaining the second GSM telecommunications licence in Iran, was
looking to bring a case against the South African mobile services provider in a
US court, came to the fore late on Thursday.
In banks and financials,
Absa (ASA) lifted 160 cents or 1.08% to R149.50, MMI Holdings (MMI) accumulated
50 cents or 2.71% at R18.95 and Old Mutual Plc (OML) collected 42 cents or 2.29%
at R18.77. The International long-term savings, protection and investment group
said on Friday that it intended to return approximately GBP1 billion of net
proceeds from the disposal of its Nordic business to shareholders by means of a
special dividend.
Retailer Truworths (TRU) added R1.20 or 1.52% at
R80.19.