Thursday, May 24, 2007

S.African stocks slide on profit taking after gains

(Reuters) - South African stocks slid on Thursday as investors cashed in some gains in stocks like Kumba Iron Ore after a record-breaking bull run.

The Johannesburg Top-40 index of blue-chip stocks closed down 1.08 percent to 25,795.40 points after touching a fresh record peak on Wednesday, while the broader All-share index slipped 0.94 percent to 28,812.94 points.


Read more at Reuters Africa

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