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Johannesburg - South African stocks were relatively flat in midday trade on Tuesday, pushed marginally into the black
by gold stocks.
At 12:00 the JSE all share index was 0.26 higher, with gold miners 0.98% firmer, resources 0.42% stronger, and platinum miners picking up 0.31%.
Banks and financials firmed 0.31% and 0.43% respectively, while
industrials were virtually unchanged, up 0.01%.
The rand was bid at R7.36 to the dollar from R7.30 just before the JSE closed on Monday. Gold continued to trade near its record highs, quoted at $1 061.85, a troy ounce from $1 056.78/oz at the JSE's last close, and
platinum was at $1 363.17/oz, from $1 323/oz at its previous close.
A local equities trader said: "We are seeing a bit of profit taking on the exchange today, but not too much. We have seen some sideways movement this morning, but the gold price has pushed stocks up a bit."
- I-Net Bridge