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Johannesburg - The JSE dipped at the start of trading on Thursday, with resources leading the downside, as volatility in equities continued.
At 09:20 local time, the JSE All Share [JSE:J203] index was down 0.75% to 33,542.73 points, with resources dropping 1.14%, gold miners losing 0.43%, while platinum counters edged up 0.19%.
Financials were down 0.39%, banking stocks fell 0.48% and industrials shed 0.67%.
The rand was trading at R8.29 to the US dollar, unchanged from the JSE's close on Wednesday, while gold was quoted at $1 547.35 a troy ounce from $1 546.53/oz at the JSE's previous close and platinum was at $1 442.20/oz, from $1 438.70/oz at the previous session.
"Until we get some clarity on Greece, I don't think there will much else on go. If you look at the trend since the start of this year, our market has been pretty much trading in a narrow band," said Kobus Nell, portfolio manager at Stanlib.
In Asia, markets were mixed on Thursday after Wednesday's heavy selling, with investors digesting Japanese data showing the economy grew faster than forecast last quarter, Dow Jones Newswires reported.
The London's FTSE 100 index had lost 0.21% at about 09:05 local time.
Japan's Nikkei lifted 0.86% and Hong Kong's Hang Seng Index was flat.
European stocks opened mixed, as investors paused to take stock of recent events.
Still, markets will remain driven by political events and news from European Union/European Central Bank leaders, said Newedge.
With US data showing some signs of improvement of late, the release of initial jobless claims will be in focus.
At 09:20 local time, the JSE All Share [JSE:J203] index was down 0.75% to 33,542.73 points, with resources dropping 1.14%, gold miners losing 0.43%, while platinum counters edged up 0.19%.
Financials were down 0.39%, banking stocks fell 0.48% and industrials shed 0.67%.
The rand was trading at R8.29 to the US dollar, unchanged from the JSE's close on Wednesday, while gold was quoted at $1 547.35 a troy ounce from $1 546.53/oz at the JSE's previous close and platinum was at $1 442.20/oz, from $1 438.70/oz at the previous session.
"Until we get some clarity on Greece, I don't think there will much else on go. If you look at the trend since the start of this year, our market has been pretty much trading in a narrow band," said Kobus Nell, portfolio manager at Stanlib.
In Asia, markets were mixed on Thursday after Wednesday's heavy selling, with investors digesting Japanese data showing the economy grew faster than forecast last quarter, Dow Jones Newswires reported.
The London's FTSE 100 index had lost 0.21% at about 09:05 local time.
Japan's Nikkei lifted 0.86% and Hong Kong's Hang Seng Index was flat.
European stocks opened mixed, as investors paused to take stock of recent events.
Still, markets will remain driven by political events and news from European Union/European Central Bank leaders, said Newedge.
With US data showing some signs of improvement of late, the release of initial jobless claims will be in focus.
