JSE ends down 0.16% due to Resource Heavyweights

The all share indeed ended 0.16% weaker at 25,155.450. Resources retreated 1.21% but the platinum mining index perked up 1.18%. Industrials and financials firmed 0.43% and 0.69% respectively.




Other Stats
Rand-Sterling 14.1810 +0.33%
Rand-Dollar 7.2108 +0.17%
Rand-Euro 9.3500 +0.39%
Gold 624.12 -0.38%
Platinum 1143.00 -0.09%
Brent Oil 52.18 -2.38%

Current Trades
I am still busy with both the PPC and BAW trades. Things are going well with only 2% to go for PPC before I reach my target while BAW exceeded my target already and is about 15% up. I placed a stop loss on the BAW of around 7% so a nice profit is in the bag.

JSE CODE:PPC 39065 +0.22%
SECTOR:Building Materials & Fixtures

JSE CODE:BAW 17300 +1.17%
SECTOR:Diversified Industrials

Watch List
I have 3 shares on my watch list at the moment and depending on PPC and on how they are doing we might just buy.
1) JSE CODE:NHM SECTOR:Platinum & Precious Metals
Pros
Platinum's average price for 2006 was $1142/oz
Earning up around 100%

Cons
A high PE of 17 may mean the good news is priced in
Price has moved 5% already this week

2) JSE CODE:HVL SECTOR:Steel
Pros
Steel price has moved up the past month
Local demand still high
Chinese demand
Historic PE of 6.6

Cons
Price has moved down
thinly traded so big positions moves market

3) JSE CODE:SOL SECTOR:Integrated Oil & Gas
Pros
Has an hedge in place at $63 so with oil trading $52 well in the money
Technology
Big Dividends

Cons
Windfall tax issue
PE of 10 (so its fairly priced)

Well let see what happen tomorrow. I however expect the market to continue moving down on US news. Enjoy the trading :-)