STOCKS drifted sideways in thin trade as investors remained cautious due to uncertainty over when the U.S. Federal Reserve could start scaling back its stimulus programme.
SAlisted shares of U.S. firm Net 1 UEPS Technologies tumbled after the Constitutioal Court ruled a contract between the company’s unit Cash Paymaster Services and the SA Social Security Agency is invalid.
Top40 index fell 0,29% to 40 169,32 while the AllShare gave up 0,18% to 44 975,67.
The rand hovered near the previous day’s twoweek lows against the dollar after SARS said the trade deficit widens to R20,97 billion in October from R18,94 billion in September. The rand traded at 10,1725 to the dollar, slightly up from its last close at 10 1940. — Reuters.