South African Equities: Jubilee Platinum Falls Sharply

Bloomberg reported the FTSE/JSE Africa All Share Index gained 0.6 percent despite platinum miners falling drastically.

As quoted in the market news:

Jubilee Platinum Plc (JLP) , a miner of the metal, fell to the lowest in almost three years, dropping 6.2 percent to 1.52 rand. The company’s loss per share increased as much as 75 percent in the six months through December, the company said in a trading statement today.

Click here to read the full Bloomberg report.