JSE stays down on poor sentiment

PALESA MOTLOUNG | JOHANNESBURG, SOUTH AFRICA - Oct 10 2008 13:11 The map will replace this text. If any users do not have Flash Player 8 (or above), they'll see this message. The JSE remained in the red by noon on Friday, but managed to come off the morning's lowest levels, generally following international markets, which continued to fall in volatile and uncertain trade. In opening trade on Friday, the local market opened more than 4% lower and within minutes fell by more than 5%. The JSE, however, managed to fare better than international markets, which continued to plummet. Earlier in the day, traders said there was complete volatility and lack of confidence in the market. "The market is still down but has come off earlier levels," a trader said. "We can expect the market to remain in the red for the rest of the day. I... [read full story]