MAR­KETS

Weekend Witness - - Money -

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.

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