Impala is higher ahead of expected good results due in February, gains in other platinum stocks and the higher platinum price, coupled with the weaker rand.
More Quotes from Ferdi Heyneke:
I think we are taking after the markets in Europe, most of them are down today. I think the guys are just taking profits on banks because there's still good news especially with credit demand figures this morning.Ferdi Heyneke
The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.
Ferdi Heyneke
Gold has pulled back from its recent spike to around 505 an ounce while the rand has strengthened to 6.34 against the US dollar.
Ferdi Heyneke
I think it got ahead of itself especially gold and platinum stocks and profit taking was not unexpected.
Ferdi Heyneke
We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.
Ferdi Heyneke
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