Thursday, 13th March 2008 at 9:33 pm
Daily Wrap : 13 March 2008

The JSE closed in the negative today inline with other markets across the world. Despite the injection by the US FED of more liquidity into the market there are still fears with regards to the credit market woes which continue to drive the markets down.

The JSE all share index closed 1.31% down. The financial stocks were amongst the biggest loosers of the day as the financial index closed 2.77% in the red. The gold mining index was the biggest gainer of the day after propelling itself 3.53%, this on the back of the gold price soaring through the $1 000 mark today.

As at 18:00 local time, the Rand was trading at 7.9447 to the dollar, 16.1346 to the pound and 12.3807 to the euro. At the same time, platinum was trading at $2 108.50 an ounce, gold was at $995.60 an ounce after reaching the $1 000 level during the day and oil was trading at $107.04 a barrel.

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