CFD Trading Investment - JSE Report

The JSE ended slightly lower as gold shares lost ground, but platinum stocks bucked the trend to end higher.
A London-based metals analyst told I-Net Bridge fears still lingered of longer-than-expected wage talks, which raised the spectre of lower production and higher prices.
The all share index ended 0.26% lower. Resources fell 0.43%, the gold mining index was down 1.14% but the platinum mining index gained 2.29%.
Industrials fell 0.18% and financials shed 0.21%, but banks gained 0.45%.
The rand was bid at 7.08 to the US dollar, unchanged from when the JSE closed yesterday, while gold was quoted at US657.65 a troy ounce from $656.25 at the JSE's last close.
"There was no clear-cut path for the market after Asia and most European markets traded flat," a Johannesburg-based trader said.
But platinum stocks bucked the weaker tone on the local market.
London-based metals analyst from TheBullionDesk.com, James Moore, told I-Net Bridge that he felt platinum stocks may struggle to go higher but were not likely to go much lower at the moment either.
He explained that the current increase in stock prices was due to supply concerns in a tight market.
"The focus on the market at the moment is the wages issue," he said.
"There is only a small surplus forecast for platinum and if we lose a couple of days it starts pushing it the other way," concluded Moore.
Moore also pointed to the recent shutdown announcement by Anglo Platinum.
Anglo Platinum said today that it would shut down its Rustenburg operations for seven days to implement measures to address concerns associated with safety of employees. As a direct result of this intervention Anglo Platinum said it expects production in 2007 to reduce by between 10,000 and 15,000 ounces of refined platinum and the proportionate reduction of associated by-products produced.
Shares in Anglo Platinum (AMS) ended 2.81%, or 35 rand, higher at 1,280 rand. Impala Platinum (IMP) was up 2.05%, or 4.79 rand, to 238.79 rand and Lonmin (LON) was up 1.35%, or 7.91 rand, to 591.76 rand.
Heavyweight resource stocks were mixed. Anglo American was down 2.25%, or 9.98 rand, to 433.02 rand while BHP Billiton (BIL) was up 1.70 rand to 193.20 rand.
Paper maker Sappi (SAP) was off 1.14%, or 1.60 rand, to 138.50 rand and petrochemicals group Sasol (SOL) was 1.90 rand softer at 268.05 rand.
Among gold counters, Anglogold Ashanti (ANG) gave up 1.62%, or 4.70 rand, to 286.30 rand and Gold Fields (GFI) weakened 1.08%, or 1.25 rand, to 114.50 rand.
Banks were mixed with Firstrand (FSR) improving 29 cents after saying that it would buy the housing loan book of transport parastatal Transnet for 1.4 billion rand.
Standard Bank (SBK) was up 68 cents to 106.79 rand but Nedbank (NED) was down 1.64%, or 2.39 rand, to 143.01 rand.
Industrial investment group Remgro (REM) fell 90 cents to 186.70 rand. It said late yesterday that it has lifted headline earnings per share by 37.4% to 1,445.4 cents per share for the year ended March.
Fully diluted HEPS increased from 1,027.7 cents to 1,401.3 cents.
I-Net Bridge